The Investigative Committee is investigating a criminal case against a 57-year-old resident of Stolin. The man is accused of large-scale fraud (Part 4 of Article 209 of the Criminal Code).
According to investigators, the man owned a construction materials store. Starting in 2016, he began borrowing money for business development under the pretext of expanding his product range and increasing sales. Later, he decided to enter the woodworking business. He purchased a workshop and equipment but did not carry out any active operations. At the same time, he continued to borrow money and take out bank loans.
“In reality, the funds received were not invested in the business — the man merely created the appearance of entrepreneurial activity. When creditors demanded repayment, he evaded his obligations, citing temporary difficulties. Only in some cases was he able to partially repay debts, and solely using new loans”, the Investigative Committee said, outlining the investigation’s version.
The case involves 12 victims, with total damages amounting to nearly one million rubles.
The accused is in custody.
