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Nov. 13, 2007
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Moscow Police Unveils Procedures to Step Up Grain Prices
Officers of Moscow police have unveiled criminal procedures that were applied to hike prices for the city’s grain mills by 20 percent to 50 percent, Interfax reported.
To begin with, the criminals registered shell firms under the lost or forged documents. Those firms were buying the grain from regional producers but only to sell and resell it to each other later on. The operations weren’t shown in the accounting reports and the companies submitted zero balance sheets to authorities. The names of two firms are Diaston and Anvii, the police said.

Revealing these criminal procedures was a part of a large-scale operation, the police specified. The detectives will probe into all food products of mass demand.

The police focused on the country’s food market in October, when it emerged that the prices for certain food soared from 5 percent to 20 percent. The government managed to prompt biggest producers and chain stores to freeze prices for some food products, while the antimonopoly service and some other departments launched the price collision investigations.
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