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MOSCOW, May 8 (Itar-Tass) - Investigators opened a criminal case over the theft of 275 million roubles of budget money allocated to the Northern Caucasus Resorts /KSK/ company, an Interior Ministry official told Itar-Tass on Wednesday.
"Unidentified persons from among the executives of Northern Caucasus Resorts embezzled 275.3 million roubles of budget money through fraud. The Interior Ministry's investigation department opened a criminal case under Article 159, Part 4 /fraud/," the official said.
Police said the suspects, instead of handling the preparations for the construction of infrastructure facilities in special economic zones by themselves, hired a mediator and paid for its services at overstated tariffs.
"To realize their scheme, they held a tender between KSK affiliates. The "winner," though it did not have a complete package of licenses and permits, signed a contract with an outsourcer, which completed front end engineering design works worth 537.5 million roubles," police said.
The mediator’s commission fee amounted to 275.3 million roubles.
Investigators are ascertaining the identity of all persons involved in the crime.