Two Skolkovo managers suspected of stealing $ 800 thousand

The Russian Investigative Committee is probing embezzlement of nearly 24 million rubles (about $ 800 thousand) assigned from the budget for the Skolkovo innovation center, committee spokesman Vladimir Markin told Interfax on Tuesday.

"The Main Investigative Department of the Russian Investigative Committee has brought criminal charges against Kirill Lugovtsev, Finance Department Director at the Development Foundation of the Center for Development and Commercialization of New Technology (the Skolkovo Foundation), TFK Skolkovo Customs and Finance Company General Director Vladimir Khokhlov and some other individuals," Markin said.

The embezzlement charges were brought on the basis of materials from the Audit Chamber and the Federal Security Service. "Activity of other foundation executives and officers of the Russian Finance Ministry who have been controlling the use of public funds assigned for the Skolkovo innovative project will be scrutinized in the course of the investigation," Markin stressed.

"The Skolkovo Foundation established a subsidiary, TFK Skolkovo LCC, in 2011 to provide customs clearance of innovative center cargo," Markin said. "Lugovtsev was in charge of financial activity. Public funds were spent on renting offices for TFK Skolkovo from Nika LCC owned by Lugovtsev's parents."

"The agreement stipulated a down payment for the three-year rent without refund rights in the case of the agreement repeal. Besides, Khokhlov and Lugovtsev approved financing of capital repairs of the rented building," the spokesman added. "The police suspect Lugovtsev, Khokhlov and other individuals of embezzlement of 23,801,100 rubles assigned from the budget for the Skolkovo development."

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