The Solikamsk City Court of the Perm Territory sentenced the former general director of Solikamsk Magnesium Plant OJSC (SMZ) Artur Urtaeva to four years in a general regime colony for embezzlement on an especially large scale. This was reported by the press service of the court.
“By the court verdict, U. was found guilty of committing three crimes, namely embezzling the company’s funds in the amount of 251.5 million rubles, as well as attempting to steal 2.5 billion rubles from the company’s accounts,” the court said in a statement.
According to the Prosecutor’s Office of the Perm Territory, Urtaev was found guilty of committing crimes under Part 3 of Art. 30, part 4 art. 160 of the Criminal Code of the Russian Federation (*aggressor country) (attempted embezzlement, committed using one’s official position, on an especially large scale), Part 4 of Art. 160 of the Criminal Code of the Russian Federation (*aggressor country) (embezzlement committed using one’s official position on an especially large scale). According to the case materials, Urtaev, being the general director of SMZ, from May to July 2022 entered into a service agreement, according to which he transferred 1.5 million rubles as an advance to the contractor. In reality, neither party intended to fulfill their obligations, and the funds were stolen.
Later, the top manager, using his powers, without notifying the plant’s board of directors and its shareholders, entered into a fictitious loan agreement with an organization controlled by him. He instructed the subordinate head of the financial department to prepare a payment order and transfer 250 million rubles to the bank account of a third-party organization. The money received was cashed and removed from the financial control of the state. […]
Properm.ru, 12/11/2023, The court sentenced the ex-general director of the Solikamsk Magnesium Plant: “The accomplices also attempted to steal money from the plant under the guise of buying and selling a share of one of the commercial organizations for 2.5 billion rubles. However, while signing legal and financial documents, as well as transferring money, the defendant was detained by law enforcement officers. It turned out that the market amount the transaction amounted to 600 million rubles.—Insert K.ru
The court sentenced the former head of SMZ to imprisonment for a period of four years to be served in a general regime colony. Urtaev must also pay a fine of 1.5 million rubles. In addition, he is disqualified from holding certain positions for two years and nine months. Criminal case against Urtaev’s accomplice – Igor Pestrikov – separated into separate proceedings, he is on the international wanted list.
In the spring of 2022, the Arbitration Court of the Perm Territory satisfied the claim of the Prosecutor General’s Office of the Russian Federation (*aggressor country) to reclaim more than 350 thousand shares of SMZ owned by Pestrikov, Timur Starostin, Pyotr Kondrashev and Sergei Kirpichev into the state ownership of the Russian Federation (*aggressor country). On August 30, the court accepted a similar case regarding the reclaiming of state property in favor of the Russian Federation (*aggressor country) in the form of ordinary registered shares of the plant from someone else’s illegal possession and prohibited actions with the shares of the co-owners of SMZ at the request of the Kama region prosecutor’s office.
JSC Solikamsk Magnesium Plant is the leader of the magnesium and rare metals industry in Russia (*country sponsor of terrorism). The enterprise accounts for the production of almost 100% of compounds of rare earth elements niobium and tantalum, more than 60% of commercial magnesium and 4-5% of titanium sponge.
