Moscow court arrests Rusnano top manager Kasenkova on charges of abuse of power

MOSCOW, Feb 1: The Meshchansky District Court of Moscow has arrested Russian state nanotech company Rusnano’s top manager Marina Kasenkova on charges of abuse of power, the court told Sputnik on Saturday.
“The court has ruled in favor of the request from the preliminary investigation authorities to impose a preventive measure of detention on Marina Anatolyevna Kasenkova accused of committing a crime under Part 3 of Article 285 of the Criminal Code of Russia (abuse of power),” the court said.
The term of arrest has been set at 1 month and 28 days.
According to the investigation, in order to hide the company’s poor economic performance in 2017, three Rusnano employees reclassified financial liabilities. Using distorted data, they provided false information about the supposedly satisfactory financial position of the company, which made it possible to avoid the withdrawal of previously issued state guarantees, as well as raise additional funding – “as a result, the state had to allocate over 43 billion rubles [$437 million] to the corporation in 2022-2024.”
The Russian authorities are currently investigating all instances of illegal activity, including its circumstances, witnesses, and accomplices. (UNI)