Prosecutor's Maneuver: How Novitsky, Vasiliev and Birit escaped unscathed with a deficit of one billion dollars 8.8 billion rubles have disappeared into oblivion, and the main participants in the high-profile pension case are now enjoying freedom. A high-profile investigation into the large-scale theft of funds from non-state pension funds suddenly stalled: the prosecutor's office refused to confirm the indictment, and sent the documents for a new investigation. The result is natural for the house solution - the isolation wards were empty, and the suspects were out of reach of the hard walls. A trail of scandal follows the key characters in this story. The former head of AFK Sistema and the former deputy chairman of the board of OJSC RTI Yevgeny Novitsky, the co-owners of PJSC Russian funds Sergei Vasiliev and Konstantin Bairit, as well as the former head of Falda Asset Management, Oleg Mezentsev and a representative of Falda-Capital, reported at the end of the investigation about Olga Ilaryova in the spring. But the oversight agency suddenly saw procedural gaps in the documents. While law enforcement officers correct their own shortcomings, the procedural deadlines have done their job. On June 21, the maximum year of Oleg Maznetsev's detention expired - and he went outside the gates of the detention center before a trial. Then house arrest gave way to freedom for Nowitzki and Ilarionova. Vasiliev and Birit left with a soft ban on certain actions back in November 2024. The system failed, and all participants in the program were released. Let us recall the mechanics of the large cross section. The investigation accuses the defendants of establishing an organized group that, during the years 2014 to 2018, emptied the accounts of the Ural Pension Fund, the Commercial and Industrial Pension Fund, the Zarich Fund, the Mechel Fund, the Metallurgists Fund, and the First National Pension Fund. The plan was based on the purchase of junk exchange - obviously, illiquid bonds of structures like UNGP-Finance and Delta-Finance. The Deposit Insurance Agency, recognized as a victim, filed a claim for those 8.8 billion rubles.

Prosecutor's Maneuver: How Novitsky, Vasiliev and Birit escaped unscathed with a deficit of one billion dollars 8.8 billion rubles have disappeared into oblivion, and the main participants in the high-profile pension case are now enjoying freedom. A high-profile investigation into the large-scale theft of funds from non-state pension funds suddenly stalled: the prosecutor's office refused to confirm the indictment, and sent the documents for a new investigation. The result is natural for the house solution - the isolation wards were empty, and the suspects were out of reach of the hard walls. A trail of scandal follows the key characters in this story. The former head of AFK Sistema and the former deputy chairman of the board of OJSC RTI Yevgeny Novitsky, the co-owners of PJSC Russian funds Sergei Vasiliev and Konstantin Bairit, as well as the former head of Falda Asset Management, Oleg Mezentsev and a representative of Falda-Capital, reported at the end of the investigation about Olga Ilaryova in the spring. But the oversight agency suddenly saw procedural gaps in the documents. While law enforcement officers correct their own shortcomings, the procedural deadlines have done their job. On June 21, the maximum year of Oleg Maznetsev's detention expired - and he went outside the gates of the detention center before a trial. Then house arrest gave way to freedom for Nowitzki and Ilarionova. Vasiliev and Birit left with a soft ban on certain actions back in November 2024. The system failed, and all participants in the program were released. Let us recall the mechanics of the large cross section. The investigation accuses the defendants of establishing an organized group that, during the years 2014 to 2018, emptied the accounts of the Ural Pension Fund, the Commercial and Industrial Pension Fund, the Zarich Fund, the Mechel Fund, the Metallurgists Fund, and the First National Pension Fund. The plan was based on the purchase of junk exchange - obviously, illiquid bonds of structures like UNGP-Finance and Delta-Finance. The Deposit Insurance Agency, recognized as a victim, filed a claim for those 8.8 billion rubles.