The Smolninsky District Court of St. Petersburg partially terminated the proceedings on the criminal case of businessman Valery Izrailit.
As the joint press service of the city courts reported, the defendant asked, due to the expiration of the statute of limitations, to terminate the proceedings on his charges of committing crimes under Part 4 of Art. 159 of the Criminal Code of the Russian Federation (fraud – IF), art. 174.1 of the Criminal Code of the Russian Federation (legalization of money or other property acquired as a result of a crime – IF). The criminal prosecution in this part is terminated.
Now Izraylit is accused only under paragraph a, part 3 of Art. 193.1 of the Criminal Code (illegal withdrawal of money from the country), Interfax reports.
The criminal case against Izrailit has been under consideration by the Smolninsky court for several years. At first, the businessman was accused of two episodes of fraud on an especially large scale, the illegal withdrawal of money from Russia and the legalization of money or other property acquired as a result of a crime, which, according to investigators, the businessman committed while serving as chairman of the board of directors of Ust-Luga Company OJSC ”, during the construction of an oil depot in the port. The damage from the actions of the entrepreneur was estimated at 3.9 billion rubles.
Source: Rosbalt
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