Stankomash embezzlement investigation dismissed
The Department of the General Prosecutor's Office in the Ural Federal District reported in January that a criminal case was initiated against the former Stankomash heads on charges of alleged financial fraud, RapsiNews.com reports.
The prosecutor's office alleged that a plot by former top managers at Stankomash that utilized a fraudulent supply contract resulted in an approximately $2.8 million loss for a South Ural enterprise.
Prior to the Department of the General Prosecutor's Office's report, a complaint was received by Chelyabinsk Region law enforcement authorities stemming from their alleged failure to investigate the multi-million damage to the state-run enterprise, RapsiNews.com reports.
Stankomash has been in operation since 1935, producing mine clearing devices, target complexes, air missiles and shells for anti-aircraft systems and air forces. Additionally, it manufactures oil development and gas producing equipment. Stankomash employs more than 2,000 people.
- Ural Airlines modifies rewards program
- Exhibition to celebrate Tchaikovsky's birthday
- Ural State Academy of Architecture and Arts hosts first StartUp Design Week
- URFU hosts annual natural history festival
- Robocenter added to map of important robotics centers
- Sverdlovsk housing market prices increase
- Volschansk Mechanical Plant expanding product range
- Sverdlovsk Regional Entrepreneurship Support Fund to accept applications for CMEF
- Over 4,500 residents have already lost jobs this year in Sverdlovsk
- USMU accepting Global Education program applicants