Accused in loan fraud

May 19, 2014 Khamovnichesky Court  of Moscow extended the deadline of arrest of V. Groshev by one month, who is accused of fraud with credit on a large scale, according to RIA Novosti .

He was charged under Section 4 of Article 159.1 of the Criminal Code (fraud in lending). According to investigators, he being in part of an organized group kidnapped 25 million rubles in the bank.

According to the version of the investigating authorities , Grosev prepared documents by which his accomplices Morozov and Belorukov took in CB “Business to Business” bank 10 million rubles and 500,000 dollars respectively in loans “on personal consumption” without intending to return them . The documents were indicated false information, and monthly payments of borrowers were done only the first few months.

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