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Corruption Scandal Surfaces In Sochi

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.

continued

Filed in: Hockey Related Stories, | KK Hockey | Permalink
  Tags: 2014+winter+olympics

Comments

snafu's avatar

Opulence.  I hez it.

Posted by snafu from North America on 09/06/10 at 08:38 PM ET

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corruption? In Russia? I don’t believe it.

Posted by 13 user names on 09/06/10 at 08:47 PM ET

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corruption? In Russia? I don’t believe it.

Posted by 13 user names on 09/06/10 at 06:47 PM ET

I don’t know what’s more shocking corruption involving Russia or corruption involving the Olympics.  /sarcasm

Posted by Susan on 09/06/10 at 09:02 PM ET

snafu's avatar

http://www.youtube.com/watch?v=AkMsSIjQXxo&feature=related

Posted by snafu from North America on 09/06/10 at 10:23 PM ET

Luongo-is-my-hero's avatar

it happened in vancouver, why not sochi.  Billions of dollars in overspending happened in vancouver due to some shady practices.  I don’t know how some of these politicians like gordon campbell get away with this crap

Posted by Luongo-is-my-hero on 09/07/10 at 01:47 AM ET

redxblack's avatar

Cowboy capitalism + mob connections + international attention = business as usual in Russia.

Posted by redxblack from Akron Ohio on 09/07/10 at 01:59 PM ET

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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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