Resident of Kabardino-Balkaria outsmarts bank

A case of large-scale fraud has been sent to court in Kabardino-Balkaria. According to the investigation, a resident of the republic deceived a bank when she was obtaining a loan of 8 million rubles. After receiving the money the local resident terminated the contract of real estate sale and used the 8.4 million rubles for personal needs, Caucasus Today reports.