Suspected raiders of over 100 state-owned real estate sites detained

The police and the Federal Security Service have apprehended an organized group on suspicions of attempting hostile takeover of more than 100 real estate pieces with the total value exceeding 10 billion rubles, a representative of the Russian Interior Ministry told Interfax on Thursday.

Four suspects have been detained: the head of a state company, the director of a managing company, a bankruptcy manager and a former bank chief executive officer. They are pending arrest," he said.

The detainees are suspected "of attempting takeover of more than 100 pieces of state-owned real estate with the total market value exceeding 10 billion rubles," he said.

"The group included employees of two commercial banks, a private arbitration court, the Moscow territorial department of the Federal State Property Management Agency, heads and managers of a company managing state enterprises," he said.

The Moscow southern district police opened a criminal case.

"There have been 22 searches of the suspects' offices and residences and the Moscow territorial department of the Federal State Property Management Agency. Documents and other items important for the criminal case were confiscated," he said.

Officers of the Main Economic Security Department and the K Department of the Russian Interior Ministry and the Federal Security Service assisted by the Federal State Property Management Agency took part in the detention of the suspects.

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