OREANDA-NEWS. July 01, 2013. Based on the information received from the Security Department of OJSC Rosneft, the Head Office of Economic Security and Anti Corruption Department of the Russian Ministry of Internal Affairs has audited the Kabardino-Balkarian Fuel Company, a subsidiary of OJSC Rosneft, for violations of financial and economic activities in this company.

After the audit and investigation into charges of a large-scale embezzlement, the Head Office of the Russian Ministry of Internal Affairs in the North Caucasus Federal District instituted criminal proceedings on June 13, 2013 on the grounds of an offense as set forth in Article 159 Part 4 of the Criminal Code of the Russian Federation.

Currently, the Russian Ministry of Internal Affairs is conducting search and investigation activities regarding the above criminal case.

OJSC Rosneft is taking all necessary measures to prevent unlawful acts at the Company’s facilities. Any information about such cases is immediately reported to the law enforcement authorities.