The Russian citizen accused of large scale fraud was extradited from Russia to the Czech Republic

14 december 2018, 15:21

At the request of the Prosecutor General's Office of the Russian Federation, the competent authorities of the Czech Republic extradited to Russia the Russian citizen Yevgeny Markov.

The investigating bodies accuse him of the crime referred to in Article 159 (fraud) of the Criminal Code of the Russian Federation.

According to the investigation, from September 2013 to June 2015, Markov, with his accomplices from among the chief executives of “Imtekhstroy Development BK”, “Consulting firm “LEGION” and organizations affiliated to them, placed false information in the media, including in the Internet, about his financial and economic activities.

Under the pretext of raising funds for high-yield investment projects, they concluded more than 21 thousand loan agreements with individuals in various regions of the Russian Federation for a total amount of over 2.5 billion rubles on terms of monthly payment of 15-17% of the loan amount for the use of the funds.

However, they did not intend to fulfill their obligations.

The funds attracted from investors were transferred to the accounts of these firms. Later, in order to attract new investors and to impart a semblance of legality to their actions, Markov and his associates made partial interest payments under previously concluded loan agreements out of the funds raised from new borrowers, and disposed the rest of the money at their discretion.

As a result of the criminal actions, the lenders suffered material damage totaling about 1.1 billion rubles due to default under 10 140 loan agreements, which is a particularly large amount.

Since Markov had absconded from prosecution, he was put on the international wanted list at the request of the Prosecutor General’s Office of the Russian Federation.

In July 2017, he was detained in the territory of the Czech Republic, after which the Prosecutor General's Office of the Russian Federation sent a request for extradition with the view of his criminal prosecution.

Owing to the close cooperation between the Prosecutor General's Office of the Russian Federation and the competent authorities of the Czech Republic, it was possible to secure a decision on his extradition.

Accompanied by special escort, Yevgeny Markov was taken to Moscow.

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