Skolkovo officials suspected of embezzling $800,000

MOSCOW. February 12. KAZINFORM Two high-ranking Skolkovo officials are suspected of embezzling 24 million rubles (about $800,000), Investigative Committee spokesman Vladimir Markin said on Tuesday, according to RIA Novosti.

photo: QAZINFORM

"A criminal case was launched against the head of the financial department of the Foundation for the Development of the Center of Development and Commercialization of High Technologies [the Skolkovo Foundation], Kirill Lugovtsev, the head of the Skolkovo Innovation Centre Customs Finance Company [TFK Skolkovo, a subsidiary of the Skolkovo Foundation], Vladimir Khokhlov, and other individuals," the spokesman said in a statement.

Lugovtsev is suspected of renting a building to house the TFK Skolkovo headquarters from a company owned by his parents.

"The rental contract envisaged a three-year non-refundable advance payment. Khokhlov and Lugovtsev have also agreed to pay for the building's extensive renovation," Markin said.

TFK Skolkovo was established in 2011 with a purpose to provide to customs representative's services to participants of the Skolkovo project.

Investigators also suspect that TFK Skolkovo, which employed a dozen of people with a monthly salary ranging between 300,000 and 600,000 rubles ($10,000-$20,000), has completed only one customs procedure during its two-year existence.