Oleksandr Volkonsky (Shakhov), who is suspected of organizing the Elita-Center fraud on Kyiv's real estate market, has started giving evidence and the investigation group plans to complete its work by summer, according to a statement issued on Thursday by the deputy head of the Interior Ministry's main investigation department, Viktor Ilchuk.
“We are planning to finish the investigation closer to summer,” Ilchuk said noting that there are a great amount of documents in the case, particularly the appeals of the 1,500 victims.
Ilchuk also said that currently Volkonsky (Shakhov) is giving testimony.
Apart from that, the deputy head of the main investigation department said that currently another fraud organization suspect is on the wanted list.
As reported, on November 1, 2007, a man named Oleksandr Volkonsky (whose real name turned out to be Oleksandr Shakhov, born in Russia in 1971) was detained in Switzerland. He was extradited from Switzerland to Ukraine on October 9, 2008.
The fraud hit the real estate market in Kyiv in 2006. About 1,500 citizens were victims of the Elita-Center Group, the representatives of which took money from the public as payment for housing that was not built. The total sum stolen from the victims was about UAH 400 million.
