Moscow insurance firm probed for USD 16 mn fraud
Moscow, Feb 23 : A criminal case has been opened against a Moscow insurance company for using fake paperwork to transfer 500 million rubles (about USD 16 million) to accounts of other entities, the city's interior ministry said.
Police carried out a check and revealed that, apparently, since 2007, the insurance company's management used fake paperwork to transfer the money to accounts of other entities, also under their control.
In order to throw the authorities off the scent, the company's management faked accounting documents, and gave misleading information about the transfers, police said.
A fraud case has been opened against the management of the company, which had clients in the private and public sector.