The ex-head of the Solikamsk Magnesium Plant Urtaev faces eight years in prison

Former general director of OJSC Solikamsk Magnesium Plant (SMZ) Artur Urtaev could be sentenced to eight years. The prosecutor’s office insists on this period, explains the press service of the Solikamsk City Court.

“The prosecutor’s office proposed to find Urtaev guilty and impose a sentence of eight years in prison in a general regime colony with a fine of 2.3 million rubles. According to the state prosecution, Urtaev should also be deprived of the right to hold leadership positions in commercial organizations for 2.5 years,” the department explained, Kommersant-Prikamye reports.

Urtaev’s sentence will be announced on December 11. According to investigators, the ex-director of SMZ tried to steal 2.5 billion rubles, and also squandered 251.5 million from the enterprise fund. Security officials are confident that ex-shareholder of the company Igor Pestrikov is involved in illegal actions. He was put on the federal wanted list and arrested in absentia.