Islam Bayramukov, the director of Kontinent, is on the Russian federal wanted list for a fraud scheme amounting to 100 million rubles in Karachay-Cherkessia. According to investigators, he made a fake collateral property evaluation and other documents in April 2011 and handed it to Rosselkhozbank. In May the businessman got a loan of 100 million rubles that he has not paid back yet, ITAR-TASS reports.
A criminal case was initiated, Bayramukov may get 10 years of jail for the fraud. He is hiding from the police.
