Former leader of a resource-supplying organization facing sentencing in Nizhny Novgorod
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Former General Director of JSC "Teploenergo" Faces Court Over Allegations of Abuse of Power, Financial Mismanagement, and Embezzlement
The former general director of JSC "Teploenergo" is set to appear in court in Nizhny Novgorod on August 14, 2025, following allegations of abuse of power, financial mismanagement, and embezzlement.
According to investigations, the executive is accused of manipulating the financial health of the company for personal gain and to benefit associates. The most significant instances of misconduct occurred in 2023 and 2024, when the individual is said to have ordered the general director of a subsidiary company to alter a reconstruction project estimate, causing a loss of 8.9 million rubles to the state and an increase in project cost by over 180 million rubles.
The alleged actions were taken to create advantages in purchases for an affiliated organization, leading to an overestimation of the project cost and the unjustified raising of the salary of the general director of the subsidiary company, causing property damage to "Teploenergo" of over 400 thousand rubles.
In addition, the former general director is accused of concluding several additional agreements in 2023 to conceal flaws in his work, which resulted in further financial losses for the company. The press service of the regional ICR reported the court appearance, but the specific details of the case and the individual's name were not disclosed.
The criminal case involving the accused has been sent to court, and the court proceedings aim to establish accountability and deter such practices in public utility management. The former general director has been in arrest since 2024.
As the trial unfolds, the public will be closely watching the developments to see if the former executive will face justice for the alleged misconduct that has impacted the financial health of JSC "Teploenergo."
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