The Federal Court of Central District of Chelyabinsk returned the verdict of guilty concerning the client who had performed a large-scale fraud against a bank called National Factoring Company Ltd.

According to the Bank’s spokesperson, Mr G. Yu. Nesterov, the director and co-founder of UralElectroComplect Ltd., provided the bank with falsified data on the alleged deliveries to consumers in order to obtain money via factoring operations. To hide his crimes and avoid responsibility, Mr Nesterov resigned and sold his shares in the company’s authorized capital to a straw person. Yet thanks to the professional investigation of the credit monitoring experts of Chelyabinsk subsidiary of the bank, the offense was brought to light. The evidence was transferred to the law-enforcement bodies of Chelyabinsk, and the criminal case was placed with the court. On October 13, 2006, the Federal Court of Central District of Chelyabinsk returned the verdict of guilty (the charge concerned Article 159 (part IV) of Russian Criminal Code: large-scale fraud), and Mr Nesterov was sentenced to seven years in prison.