Ex-finance director of Tenth Bearing Plant detained in embezzlement case

Former Director for Economics and Finance of the Tenth Bearing Plant Nikolai Borisov has been detained in a criminal case of fraud with embezzlement of at least 800 million rubles in the execution of the state defense order. This was reported in the Investigative Committee (IC) of Russia on January 16.

"The investigation found that in 2021, LLC "Tenth Bearing Plant" in the course of execution of the state defense order [were] concluded more than 70 contracts for the supply of bearing products to enterprises of the defense industry complex for a total amount of at least 1.5 billion rubles. In 2022, Borisov stole at least 800 million rubles by unreasonably inflating the prices of the supplied products and forging documents," the agency said in its Telegram channel.

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