Real estate developers to spend two years in colony for deceiving shareholders in Derbent

Real estate developers to spend two years in colony for deceiving shareholders in Derbent

The founder and the director-general of a construction company that deceived its shareholders were sentenced for two years of imprisonment in an open colony, the press service of the prosecutor’s office informed.

In 2016-2018, the founder and CEO of a construction company with no permission to build houses illegally took more than 7 mln rubles from 8 citizens for the construction of two multi-apartment buildings in Derbent. The fraudsters concluded a cost-sharing agreement with them, AiF Dagestan reports.

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