Russian Politicians Claims $25 Billion Stolen in Olympics Preps


Russian opposition leader Boris Nemtsov releases a report claiming that some 25 billion dollars have been stolen from preparations for the 2014 Winter Olympics in Sochi.

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Russian opposition leaders on Thursday (May 30) released a report detailing what they say saw about 25 billion dollars stolen during preparations for the 2014 Winter Olympics.

[Boris Nemtsov, Russian Opposition Leader]:
«The main conclusion from the first chapter of our report is that, in preparing for the Olympics, 25 to 30 billion dollars were stolen.»

The title of the report, written by Nemtsov and Leonid Martynyuk, is ‘An Independent Expert Report on the Winter Olympics in the Subtropics’.

[Boris Nemtsov, Russian Opposition Leader]:
«The expenses for the Winter Olympics in Sochi turned out to be more than all expenses for all the sports structures from all the Winter Olympics put together.»

Among points detailed in the report were notes that many of the most expensive structures built for the Games were commissioned without competitive bids or tenders.

[Boris Nemtsov, Russian Opposition Leader]:
«Clearing up whether this 26 or 25 billion extra money was stolen or not stolen from the state budget is very difficult — this is a job for an investigation.»

Russia has said that the cost of staging the Games will reach $50 billion — almost five times more than the original price tag, putting Sochi on track to become the most expensive Olympic Games to date.

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