Overview

• The Investigative Committee and the regional prosecutor’s office said the case has been sent to the October District Court of Novosibirsk for trial.
• Alexey Dzhulay, head of the Diskus construction group, is charged under Part 4 of Article 159 (fraud) and Paragraph “b” Part 4 of Article 174.1 (money laundering) of the Russian Criminal Code.
• Investigators say that from March 2019 to December 2023 more than 800 cooperative members paid over one billion rubles for two high-rises that remain unfinished and not commissioned.
• Authorities allege funds intended for construction were routed through controlled entities and cashed out, with total damage assessed at over 1.2 billion rubles and partial remediation recorded through construction work exceeding 700 million rubles.
• A court imposed restrictions on Dzhulay’s actions and froze assets valued at more than one billion rubles, and the case file spans over 100 volumes.