St Pete court places Ulmart co-owner Kostygin under house arrest

ST.PETERSBURG, Oct 12 (PRIME) -- The Smolninsky District Court of St. Petersburg has placed Dmitry Kostygin, a co-owner of online retailer Ulmart, under house arrest until December 9 on charges of fraud with a 1 billion ruble loan from Sberbank, a united press office of the city courts said late on Wednesday.

Kostygin’s lawyer said that “until all circumstances become clear a written undertaking not to leave the place should apply as an ultimate measure.”

“Placing under house arrest does not allow Dmitry Kostygin to settle his civil disagreements with Sberbank, and negotiations on the discord had lasted till yesterday’s detention,” the lawyer said.

According to investigators, Kostygin received the loan from Sberbank in April 2016 after presenting faulty information about on the company’s solvency. The businessman used the money at his sole discretion, they said earlier. Kostygin denied his guilt.

(57.9210 rubles – U.S. $1)

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