This was reported by the joint press service of the city courts.

The defendant, the former chairman of the board of directors of OAO Ust-Luga Company, asked the court, due to the expiration of the statute of limitations, to terminate the proceedings on his charges of committing crimes under Part 4 of Article 159 of the Criminal Code of the Russian Federation (fraud on an especially large scale) and Article 174.1 of the Criminal Code of the Russian Federation (money laundering).

The 47news publication, citing its sources, writes that two criminal cases against Valery Izraylit, initiated under the article “withdrawal of funds,” remain in production. He remains under house arrest. According to the publication, the statute of limitations for the “withdrawal of funds” composition has expired in one case (this allows a guilty verdict, but without imprisonment). In the second case, it expires in October.

As RBC Petersburg previously wrote, Valery Izraylit was a defendant in a criminal case on major fraud, illegal withdrawal of money from the Russian Federation and legalization of funds acquired as a result of a crime. The investigation believes that the businessman supplied used oil pipelines under the guise of new ones, and also embezzled almost 317 million rubles allocated for the development of the port of Ust-Luga in the Leningrad region. The total damage is estimated at 3.9 billion rubles.

Israelite does not admit his guilt. From December 2016 to March 2020, he was imprisoned in a pre-trial detention center, after which the court transferred the businessman to house arrest.