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Primorye Microloan Ring Targeted 20 Servicemen, Two Detained, One Wanted

Prosecutors say the group leveraged sham loan contracts to force repayments far above the sums actually issued.

Overview

  • Regional prosecutors report about 10 million rubles in losses suffered by 20 military personnel, including participants in the special military operation.
  • Investigators say contracts listed amounts never handed to borrowers, then claims were reassigned and collected for totals exceeding the real disbursements, with rates far above legal limits.
  • A fraud case under Part 4, Article 159 of the Criminal Code has been opened, two suspects are in custody for two months, and a third suspect is being sought.
  • Prosecutors are reviewing a wave of court orders they call dubious, stating a Vladivostok justice of the peace routinely issued them without proper legal scrutiny.
  • Authorities say the scheme operated since 2021, and the investigation is being supported by FSB units in Primorye and the Pacific Fleet.