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Tuesday, 25 October 2016


"Olimpstroy" falls into disgrace?

2012-08-10 18:31

The clouds have gathered over once "sacred cow" of the Sochi Olympics - the corporation "Olimpstroy". Investigation Department of the Interior Ministry of Sochi has instituted two criminal cases in connection with overestimation of the project costs of sports facilities. More precisely, the cases were instituted in June, but we learned about them only now.


This is the first criminal cases involving violations at construction sites of the Olympics-2014, when the direct accused is the "Olympstroy". One criminal case is connected to the overstatement of the estimated cost of work during the construction of the bobsleigh track; and the other - with the main stadium in the city of Sochi. In the first case we are talking about preventing of misappropriation of $ 2.5 billion, while the second case - with the attempted fraud amounting to $ 5.6 billion.

According to the Izvestia referring to its sources in the Accounts Chamber, the scheme of the overestimation of the cost of Olympic facilities was as follows: "Olimpstroy" consistently thwarted the terms of objects design. Once the corporation has received approval of the state expert on the estimates, they concluded additional agreements to contracts for construction. Under the additional agreement the value of contracts of "Olimpstroy" with contractors sharply increased.

In 2010, the number of criminal cases in some way related to the activity of "Olimpstroy", exceeded two dozens. Their number is growing like a snowball. But then the accusations were put against staff members of Sochi City Administration, and the amounts, mentioned in criminal cases two years ago, were many times smaller than the present - about 23 million rubles. And at that time the state corporation seemed to watch own interests. The misappropriation were revealed including using the security service of "Olimpstroy".

Now the representatives of the Olympic developer were caught. The most interesting thing in this whole situation is that involved persons are known. The Accounts Chamber has outlined a range of persons from the "Olimpstroy" who may be responsible for the overestimation. They are current and former executives of the corporation. That is why the situation can be called unprecedented. They are really senior persons.

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