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Magomed Bilalov ready to testify at Russian embassy in London

July 24, 2013, 16:20 UTC+3
Bilalov was head of Krasnaya Polyana OJSC that sustained losses of over 45 million roubles in 2011-2012 due to groundless payments of interest rates on loans
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Krasnaya Polyana resort near Sochi, Photo ITAR-TASS

Krasnaya Polyana resort near Sochi, Photo ITAR-TASS

MOSCOW, July 24 (Itar-Tass) - Magomed Bilalov, who is accused in absentia of abuse of powers, does not escape justice and is prepared to testify at the Russian Embassy in London.

“I has made a request today to attach to the criminal case a legal declaration from Bilalov that he is prepared to be questioned at the Russian Embassy in London and to include other documents in the case,” Bilalov’s lawyer Alexander Asnis told Itar-Tass.

The lawyer noted that Bilalov was summoned by 10:00 Moscow time in the investigation department of the Russian Interior Ministry for questioning as a defendant and to study a ruling to bring him to account as a defendant. Bilalov received the summons for questioning at his place of residence in London that he notified the detectives about.

“Bilalov cannot turn up for questioning over a medical examination, which he is passing at a London clinic and a ban of the doctors for the air flights. He produced the medical documents to the detectives through his lawyers, as well as a police certificate about his place of residence in London at the previously reported address,” Asnis explained.

Bilalov is accused of abuse of power in a commercial organization.

The detectives found that Bilalov, “abusing his managerial powers in the open joint stock company Krasnaya Polyana, instead of investing the monetary funds received from the Russian public savings bank Sberbank for the construction of the Olympic sites, placed them in the National Business Development Bank at 4-7% per annum, then got the money back through the companies affiliated with the bank in the way of loans, but already at 12.5% per annum.”

The open joint stock company Krasnaya Polyana sustained losses of over 45 million roubles for the years of 2011 and 2012 due to groundless payments of interest rates on loans.

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