Kukla's Korner Hockey
by Paul on 09/06/10 at 05:21 PM ET
from the AFP at Yahoo,
The chief of a top contractor building infrastructure for the 2014 Winter Olympic Games in the Russian city of Sochi has been fired in a corruption scandal, its holding company announced Monday.
Ivan Kuznetsov, CEO of the Transstroi corporation, which belongs to the Basic Element holding company of leading Russian oligarch Oleg Deripaska, was dismissed for stealing shareholders’ money, Basic Element said.
A statement from the holding company gave no further details on the nature of the alleged violations but said the funds involved amounted to tens of millions of dollars.
“Funds misappropriated from shareholders amount to hundreds of millions of rubles ($1 is 30.6 rubles),” the holding said in a statement.
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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