The Prosecutor General's Office of Russia has transferred to the Gagarin District Court of Moscow the materials against the former General Director of Crocus Nanoelectronics, Andrey Kushnarev, in the case of embezzlement of 7.5 billion rubles. This was reported by the press service of the supervisory authority.
According to the investigation, Kushnarev and the former head of JSC Rusnano, Yuri Udaltsov, together with other unidentified persons, embezzled over 7.5 billion rubles. These funds were intended to organize the production of magnetoresistive random access memory in Russia.
The defendant in the criminal case has been under arrest since September 2024. Udaltsov has been put on the international wanted list. The Ministry of Internal Affairs continues to investigate the case of billion-dollar embezzlement in Rusnano.
About Rusnano
The idea to create a state corporation that would deal with promising technological developments appeared in 2007. Soon, Rusnanotech was created, which was renamed Rusnano in 2008.
The state corporation was headed by politician Anatoly Chubais (held the position of General Director until 2020). Under his leadership, Rusnano built 115 enterprises in various regions of Russia and financed 109 projects for a total amount of more than 500 billion rubles.
In 2011, JSC Rusnano was created on the basis of the state corporation through reorganization. At the same time, 100% of the company's shares were state-owned.
In 2013, the Accounts Chamber of Russia announced the inefficient use of funds. And by 2021, financial problems became difficult to hide. A year later, the Chairman of the Board of JSC Rusnano, Sergei Kulikov, appealed to the Prosecutor General's Office of the Russian Federation with a request to check the company's activities under the previous leadership.
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