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. Last Updated: 07/27/2016

Police Raid Property Agency

Interior Ministry officers searched the offices of the Federal Property Management Agency on Monday in connection with a corruption investigation, the ministry said.

The search was linked to the suspected embezzlement and improper use of confiscated property by "rather high-ranking" officials at the agency, Anzhela Kastuyeva, spokeswoman for the Interior Ministry's Central Federal District branch, told NTV television.

The officials were implicated by two businesspeople arrested earlier in the same investigation, Kastuyeva said.

Interior Ministry officials could not be reached for comment.

The officers raided the agency's headquarters at 9 Leninsky Prospekt on Monday morning and questioned fund employees, Interfax reported.

Agency officials, however, denied that a search had taken place.

"There were no searches or arrests whatsoever made at the federal property fund today," agency spokesman Nikolai Nikolayev said.

Critics of the Federal Property Management Agency and businesses whose wares it has confiscated and sold off have suggested that some of its employees run scams made possible by a law that allows the state to sell off property seized during criminal investigations, even before a final court decision has been made.