A former Russian state official has been charged with illegally selling MiG-31 Foxhound aircraft hulls at a price of 153 rubles ($5) each instead of $3.7 million in 2007, investigators said.<\/p>\n
“In March 2010, while probing the criminal case on fraudulent activities performed at the time when four state-owned MiG-31 planes were sold, a former employee of [state reserves agency] Rosrezerv was charged with large-scale fraud,” investigators said.<\/p>\n
The criminal case was launched in summer 2009. The sale came to light after an anti-corruption check was carried out to see whether regulations\u00a0were followed during the sale of items from the Sokol Aircraft Construction plant located in the Russian Volga city of Nizhny Novgorod.<\/p>\n
The employee, who has not admitted his guilt, faces five to ten years in jail if found guilty.<\/p>\n
According to prosecutors, in October 2006 – July 2007, unidentified officials from the local department of the Agency for State Reserves unlawfully included four MiG-31 hulls (without engines and weapons) into a list of sale items.<\/p>\n
As a result, long-range supersonic interceptor aircraft that were not for sale were purchased by a dummy firm, Metalsnab, which was not entitled to trade in arms and military hardware.<\/p>\n
The asking price of the MiG-31 hulls was significantly undervalued by a local valuation company.<\/p>\n
According to the valuation report one hull was valued at 153 rubles ($5) – this initial price was accepted during bidding and the MiGs were sold at this price. However, one hull actually costs around 116 million rubles ($3.9 million at current rates).<\/p>\n","protected":false},"excerpt":{"rendered":"
A former Russian state official has been charged with illegally selling MiG-31 Foxhound aircraft hulls at a price of 153 rubles ($5) each instead of $3.7 million in 2007, investigators said. “In March 2010, while probing the criminal case on fraudulent activities performed at the time when four state-owned MiG-31 planes were sold, a former […]<\/p>\n","protected":false},"author":1,"featured_media":620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mig-news"],"_links":{"self":[{"href":"https:\/\/toad-design.com\/migalley\/index.php\/wp-json\/wp\/v2\/posts\/156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/toad-design.com\/migalley\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/toad-design.com\/migalley\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/toad-design.com\/migalley\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/toad-design.com\/migalley\/index.php\/wp-json\/wp\/v2\/comments?post=156"}],"version-history":[{"count":0,"href":"https:\/\/toad-design.com\/migalley\/index.php\/wp-json\/wp\/v2\/posts\/156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/toad-design.com\/migalley\/index.php\/wp-json\/wp\/v2\/media\/620"}],"wp:attachment":[{"href":"https:\/\/toad-design.com\/migalley\/index.php\/wp-json\/wp\/v2\/media?parent=156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/toad-design.com\/migalley\/index.php\/wp-json\/wp\/v2\/categories?post=156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/toad-design.com\/migalley\/index.php\/wp-json\/wp\/v2\/tags?post=156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}