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State Duma of the Russian Federation calls to take out the fraudulent scheme of using escrow accounts

... the State Duma Committee on Construction and Housing and Public Utilities drew attention to the problem. The MPs called on the Prosecutor General's Office and the Ministry of Construction to develop measures to combat the identified abuse. It lies in the ... ..., and take the rest of the funds in cash. Thus, the sum on the account remains less than it should be, and in a situation of bankruptcy of the developer, equity holders will not receive their money. The deputies propose to establish the mandatory check ...

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