Putin defended netcapital from fraud
Russian President Vladimir Putin signed the decree forbidding to spend the parent capital on the closing credits issued under the scheme "bestriding", even if they were issued to improve housing conditions.

Russian President Vladimir Putin signed the decree forbidding to spend the parent capital on the closing credits issued under the scheme "bestriding", even if they were issued to improve housing conditions.
The leader of the country thus wants to defend cash of mercapital from fraud by withdrawing funds.
The President's decree, published on the website of the Kremlin, makes corrections to the law "On additional measures of state support to families with children". The document excludes the possibility of using funds of the parent capital at the close of the principal and payment of interest on the loan for the purchase or construction of residential premises, if the contract was concluded with the microfinance organization".
The question of banning access microcredit organizations to parent capital raised year ago, the Ministry of labour, in consequence of the frequent cases of fraud by cashing maternal resources. According to reliable information the Pension Fund, services similar organizations every year I used 10s thousand moms.
It was reported that from 2010 to 2013 found 4 thousand cases of violations when applying netcapital. The main part of them was found in the use of allocated funds for repayment of principal on the loans. Scam worked well-established procedure: interested persons illegally cashed maternity capital was concluded with microfinance organizations contracts of the trust loan. There was prescribe that issued the funds were acquired dwelling, but the funds to the recipient and not heard.
Speculators bought old or dilapidated houses or one house were sold to a large number of visitors under the certificates of the parent capital. These contracts were sent to the Pension Fund, which shall reimburse the costs of the microfinance organization. Part of these funds was given to the mothers, the rest is from 30 to 80% - remained the Scam. The organization of microcredit known fact that given a "quick loans" with a minimum set of documents, although absolutely crazy conditions, hundreds of percent per year.