Businessman found guilty of fraud
The court concluded that between February 2006 and August 2007, the 35-year-old set up a group in Pervouralsk and Yekaterinburg to steal other people's assets through swindles. The assets included money owned by VUZ Bank. Komarov led the group in committing the crimes until September 2008, according to Ural Business Consulting.
Komarov knowingly provided the bank with false information on loan applications in order to get them approved. This resulted in approximately $2.3 million in damages done to VUZ Bank's Yekaterinburg subsidiary. Komarov signed an out-of-court agreement before the hearings began in which he paid back the bank more than $156,000.
Komarov was found guilty of the charges and sentenced to 5.5 years in prison conditionally and to 3.5 years on parole, Ural Business Consulting reports.
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