1 June 2004
Two executives with Brest Electromechanical Equipment Plant arrested on suspicion of fraud
KGB officers have recently arrested two departmental chiefs with the Brest Electromechanical Equipment Plant (BEMZ) suspected of using fraudulent export schemes.
The two executives are believed to have shipped BEMZ electric and gas meters, and irons to a dummy firm in Moscow in exchange for promissory notes issued by Brestenergo and other Belarusian
electricity suppliers, the press center of the KGB regional office told BelaPAN.
The goods were in fact sold to other companies at a price that was by five to eight percent higher than those indicated in invoices.
The scheme is said to have involved a commercial firm in Brest, whose director so far has not been charged.
As much as $18,000 was reportedly found on one of the suspects who was arrested while returning from a business trip to Russia.
Both executives are currently held in police custody and investigators work to estimate the damage that they caused to the BEMZ, the press center said.
http://brestonline.com/en/news/news513.html