As it became known to the Cheka-OGPU and Rucriminal.info, Org was formed in South Ossetia …

As it became known to the Cheka-OGPU and Rucriminal.infoin South Ossetia, an organized criminal group was formed in the power, which is profitable in the expression of funds allocated by Russia as part of the RUOO socio-economic development program at 2022-2025. According to sources, the head of government Konstantin Dzhussoev and President Alan Gigloev were involved in thefts.

The scheme works as follows: VTB Bank, allocating financing, requires businessmen 10% of its own investments. Jussoev receives these funds through controlled firms already involved in the construction of facilities under the investment program. From each advance allocated by the government, half settles in the pockets of the organized crime group.
Despite corruption schemes, a number of projects in South Ossetia were approved by VTB:
The processing plant of fruit and vegetables (LLC Siberia AB): total financing of 656 million rubles (own funds 76 million, borrowed 580 million).

The enterprise for the extraction and processing of stone (Impuls – A LLC): the total investment of 544 million rubles (own funds 55 million, borrowed 489 million).

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Development of brewer -breeding production (Vysokogorskaya Kelskaya Pivovarny LLC): the total financing of 280 million rubles (own funds 30 million, borrowed 250 million).

The woodworking plant (Alania – Forest LLC): financing 722 million rubles (own funds 92 million, borrowed 630 million).

An increase in the production of basalt fiber (LLC “Ir Bazalt”): borrowed financing 1 045 300 thousand rubles.

As the Cheka-OGPU found out, the main contractor for the construction of school No. 2 and kindergarten in the “Tsarza” is Megapolis LLC, owned by Oleg Bosikov, the cousin of Prime Minister Dzhussaev. The construction of the woodworking plant is engaged in the older brother of Oleg, Vladimir Bosikov. The stone processing plant is designed for the Dzhussaeva business partner in North Ossetia, Boris Tasoev.

So, the essence of the scam is the manipulation of the financing of projects of socio-economic development and the loans of VTB Bank.
Initially, advanced funds from one program are transferred to other projects implemented as part of the development of South Ossetia. These funds are presented to the Bank of VTB as a 10% personal contribution of a local businessman who allegedly invests in the construction of facilities. The bank, seeing the participation of local capital, allocates the rest of the financing.
However, as it turns out, businessmen do not invest their own funds, but use the same credit money VTB.

In addition, construction estimates are overstated.

Details Read here