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Russian state property agency raided in fraud case

Analysis

A Russian government agency in charge of federal property had its headquarters raided Monday following the arrest of two of its employees in a large-scale fraud case. 

“An investigation at the Federal Property Management Agency, including searches and interviews at a rather high level, is taking place as part of an earlier criminal case into embezzlement and property misuse charges,” a police spokesman said. The official did not elaborate, saying only that more arrests were expected later Monday. (rian.ru)

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