“Motovelo” Case: Murauiou And Two His Brothers Face Up To 12 Years In Prison

The businessman and his relatives were detained last February upon suspicion in impairment on extremely large scale.

The articles under which the former owner of “Motovelo” Aliaksandr Murauiou is charged have been reported on Friday. We remind, he and two his brothers were detained last February upon suspicion in impairment of extremely large scale to four thousand stockholders of the company, onliner.by reports.

According to the information provided by assistant to Chair of Minsk city court Anastasia Shylvian, the main subject of the criminal case is charged under four articles. They are Part 4 Article 209 “Fraud on extremely large scale”, Part 4 Article 210 “Theft through abuse of office, committed by an organized group or on a large scale”.

Apart from that, Aliaksandr Murauiou is charged with complicity in crimes under Part 2 Article 243 “Evasion of paying taxes and fees”.

The biggest term of punishment that Murauiou may face is 12 years in jail with property confiscation. His brothers are accused of theft on extremely large scale.

Let us remind how the events went according to the accusers’ version. Upon making an investment agreement with the Austrian company ATEC Holding GmbH, the main conditions for the bargain were claimed to be preserving the acting manufacture of bicycles and motorcycles and investing $ 20 million into the development of the enterprise. It was planned to allocate approximately $ 12 million of this sum for purchasing new equipment. However, the cycling giant failed to ride far away. Nearly 8 years later, the inspection held by the State Control Committee revealed that the investors had cheated on the order of magnitude – they had invested only a little more than $ 2 million for the whole period.

They simply liquidated several workshops to the detriment of the enterprise, having carefully demounted the equipment and sold it abroad for the price of the scrap metal. The loss of just one bargain, according to the assessment of the State Control Committee, made no less than Br 25 billion.