Stolen loans were laundered in Spanish hotels

Extradited to Russia, the spouses are sentenced to long terms.
As it became known to Kommersant, former spouses Olga Korol and Mikhail Kashchuk, owners of the group of companies OKOR, issued from Spain, were convicted in Russia. Seven years ago, by collecting loans and receiving money from CC clients, they fled abroad, where, according to investigators, they could launder some of the stolen goods through the hotels. In court, the defendants claimed that they did not intend to cheat, explaining the problems they had with the financial crisis.

Criminal case of Olga the King and Mikhail Kashchuk considered Bezhitsky district court of Bryansk. Judge Natalia Luzhetskaya took about a year to do this. The prosecutor's office demanded that they be found guilty of particularly large fraud and money laundering (legalization) of stolen funds (part 4, article 159 and part 3, article 174.1 of the Criminal Code), appointing nine and nine and a half years of the general regime colony, respectively, and fines. Judge Luzhetskaya, having agreed with the charge, appointed Olga the King, in honor of whom the group of companies was named, for a year less, and her ex-husband and partner gave the requested term. In addition, the convicts were fined half a million each.

The group of companies controlled by the spouses included four enterprises engaged in wholesale of household appliances, furniture, cars, etc. In 2007-2008, these companies received loans totaling 650 million rubles for VTB, which were to go into business development. In addition, the spouses raised funds from citizens and organizations for another 100 million rubles. One was to supply machinery, others to provide cars, etc. The loans, however, were not returned, and the deliveries did not take place. When creditors and clients began to understand why this happened, it turned out that the owners of the Civil Code filed an arbitration suit about its bankruptcy, and they themselves went abroad. In the course of the proceedings it turned out that when asking for loans, the spouses misled the bank's employees about their assets: in any case, the impressions of stamps and seals in the papers, according to experts' conclusions, turned out to be counterfeit, and the signatures were false.

When the bankers appealed to the Internal Affairs Directorate in the Bryansk region, and his employees conducted a pre-investigation check, Olga Korol and Mikhail Kashchuk fled abroad. Only in early 2016, Interpol managed to establish that the fugitives declared on the international wanted list, settled in the Spanish province of Alicante. There, according to some sources, they bought a small network of hotels through intermediaries. By that time, the couple had already divorced, but continued to have a common business. At the request of the Russian Prosecutor General's Office, Olga Korol was extradited to her homeland in March of the same year, her ex-husband and accomplice in November.

The defendants denied their guilt, claiming that their business projects collapsed because of the financial crisis. The court found them guilty of almost two dozen episodes of theft for a total of 743 million rubles, of which more than 700 million they were laundered. At the same time, there was nothing to collect from the convicts - in Russia they left no assets, and in Spain they were allegedly registered with other persons. Nevertheless, mostly the victim in the case - VTB - were satisfied with the court decision. "The Bank always makes every effort, within the framework of the law, to punish scammers who have committed unlawful acts against VTB in Russia and abroad," the press service of the VTB Group reported. The protection of convicts is going to appeal the verdict in the Bryansk Regional Court.

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