Support The Moscow Times!

Police Seize Land in Moscow Region Fraud Case

Kremlin Press Service

More than 130 plots of land in the Moscow region have been seized by police as part of an fraud investigation, state-run news outlet RIA Novosti reported Wednesday.

The move comes after a complaint to President Vladimir Putin during his annual phone-in about a suspected fraud case in the Moscow region town of Solnechnogorsk.

According to preliminary reports, members of the Sabidom building company sold shares for a number of new property developments but failed to fulfill their commitments and left the land empty.

The court has seized 137 of these alleged illegal sites while the investigation continues, said Irina Volk, a spokesperson for the Interior Ministry.

One suspect was arrested and charged by police at the end of March. The search for another suspect is continuing.

One unhappy customer contacted the president during his annual direct line phone-in to complain that the fraudsters had amassed a total sum of 4.5 billion rubles ($69 million) from would-be owners.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more