More Negative Progress at Vostochny Cosmodrome

$126 Million Stolen From Russian Vostochny Cosmodrome Project Prosecutor General, The Moscow Times

"Russia's Prosecutor General said Monday that 7.5 billion rubles ($126 million) had been stolen during construction of a new spaceport in Russia's Far East, news agency RIA Novosti reported. Investigators conducted a massive investigation into corruption and mismanagement at the site of the Vostochny Cosmodrome, a $3 billion project seen in Moscow as vital to secure Russia's independent access to space. President Vladimir Putin on a visit to the construction site last year warned contractors that law enforcement agencies were monitoring the use of state funds and that charges would be brought for malpractice. Prosecutor General Yury Chaika said that a probe of 250 organizations working on the project had discovered "theft that caused 7.5 billion rubles in damages," RIA Novosti reported."

- Vostochny Cosmodrome First Launch Slips 3 Years, earlier post
- Man Driving Diamond-encrusted Mercedes Caught Embezzling Cosmodrome Funds, earlier post

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This page contains a single entry by Keith Cowing published on July 27, 2015 8:07 PM.

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