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
LVG: Falcao "Has to Prove Himself"    
Manchester United coach Louis van Gaal has responded to criticism over dropping Radamel Falcao by claiming ...
Report: Adidas to Assist Messi Move?    
According to Spanish sports daily AS, Lionel Messi's sponsor Adidas could be the key to the ...
Mourinho Questions Man City's Transfer Policy     
Chelsea coach Jose Mourinho suggested that rival Manchester City is not adhering to UEFA's Financial Fair ...
Toure Admits Man City Future in Doubt     
Speaking ahead of the opening games of the African Nations' Cup in Equatorial Guinea this weekend, ...
Ronaldo Blasts 'Defensive' Atleti Tactics    
Cristiano Ronaldo blasted Atletico Madrid for its unattractive style after the Rojiblancos ousted Real Madrid from ...
Fabian Johnson's 'Spat' with 'Gladbach Coach Favre    
According to Bild, USA defender Fabian Johnson is in a "spat" with Borussia Monchengladbach coach Lucien ...
Serie A to Introduce Goal-Line Technology     
Serie A will introduce goal-line technology next season after the Italian soccer federation (FIGC) gave its ...
Ronaldo: Cristiano Junior Prefers Messi     
Real Madrid forward Cristiano Ronaldo, who on Monday was named the 2014 Ballon D'Or winner, revealed ...
Debuchy to Miss Three Months     
Arsenal coach Arsene Wenger on Wednesday revealed that right back Mathieu Debuchy is set to miss ...
Spurs Fights Back to Win Third-Round Replay     
Tottenham on Wednesday fought back from two goals down to beat Burnley, 4-2, in an FA ...
>> Section 2 Around the Net Archives