Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Massive fraud alleged on Ukrainian Euro work
Guardian, June 21st, 2012 4:31PM

MOST READ
TAGS:  european championship

MOST COMMENTED

Opposition politicians allege there was massive fraud to the tune of as much as $4 billion related to stadium construction and infrastructure work in Ukraine for Euro 2014.

Ukraine built or renovated stadiums in Kiev, Lviv, Donetsk and Kharkiv, upgraded airports in the four host cities, laid or repaired 1,000 miles of roads and purchased a fleet of Korean high-speed trains to transport fans between cities.

About 80 percent of the budget came from government funds, but Borys Kolesnikov, the deputy prime minister in charge of Euro 2012, was given power in 2010 to award no-bid contracts.

Ostap Semerak, the opposition sports minister, alleges contracts were given to firms with indirect or direct links to officials and other figures associated with President Viktor Yanukovych's ruling Party of Regions.

"The scheme is very simple: the official and his chosen contractor agree to share the budget cash," Semerak wrote in the Kiev Post. "They cook up an overblown budget, and the contractor pays off a part of it back to the official as soon as he receives a transfer -- usually in cash. Sources in such companies have said that the scheme allowed officials to receive (or, to put it bluntly, steal) between 30% to 40% of the state funds allocated for the tournament's preparation. We're talking about up to $4 billion."

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Pellegrini: David Silva Out Three-Four Weeks    
Manchester City coach Manuel Pellegrini on Thursday confirmed that playmaker David Silva will miss three-to-four weeks ...
Reus Distances Himself from Bayern Ahead of Der Klassiker    
Germany and Borussia Dortmund forward Marco Reus on Thursday issued a statement distancing himself from a ...
Neymar to Play in 2016 Olympics     
Neymar will be joining the Brazil squad for the 2016 Olympics in Rio de Janeiro, coach ...
Gerrard Hints at Possible Liverpool Exit     
It's almost unthinkable for Liverpool fans: Could Steven Gerrard really leave the only club he has ...
Report: FA Racking Up Social Media Fines    
Queens Park Rangers defender Rio Ferdinand on Wednesday became the latest Premier League player to be ...
Real's Navas Seeks Legal Action for Costa Rican Spying    
The Associated Press is reporting Thursday that Real Madrid goalkeeper Keylor Navas will take legal action ...
Mandzukic: Guardiola 'Didn't Treat Me with Respect'    
In an interview with Croatian newspaper Sportske Novosti, Mario Mandzukic says he is enjoying playing for ...
Roma's Destro to Consider Future     
Mattia Destro on Wednesday cast doubt around his future after scoring the opening goal in AS ...
Allegri: 'Lack of Maturity' Costs Juve     
Despite hitting the woodwork several times and having much the better play throughout, Juventus lost 1-0 ...
Report: Former President Hoeness Warns Bayern     
German daily Bild reports that former Bayern Munich President Uli Hoeness, who is currently in prison ...
>> Section 2 Around the Net Archives