The head of one of Vitebsk's enterprises defrauded a loan of Br200 million.

May 11, Vitebsk / Olga Bogacheva - BELTA /. The head of one of Vitebsk enterprises fraudulently obtained a loan of Br200 million, the Department of Financial Investigations of the State Control Committee for the Vitebsk region informed a BELTA correspondent. To obtain the loan, the director of a closed joint-stock company submitted forged documents to OJSC "ASB "Belarusbank" for the purchase of goods from a commercial entity. After receiving the money, he declared it as revenue for services rendered by his CJSC to another enterprise. This maneuver allowed him to legalize the obtained loan and use it not for its intended purpose, but at his own discretion for production needs. A criminal case has been initiated against the head under Part 1 of Article 237 and Part 2 of Article 235 of the Criminal Code of Belarus for fraudulently obtaining a loan and legalizing funds. The maximum penalty under the latter provides for up to 7 years of imprisonment with confiscation of property and deprivation of the right to hold certain positions. An investigation is underway. -0-