Is the Winter Olympics 2014 in Russia a scam? Russian President Vladimir Putin is accused of being responsible for missing money in the amount of around $30 billion of the $50 billion granted to the Russian host city of Sochi for the Winter Olympics 2014. The competition for hosting the Olympic games is a highly sought after position because of the money it draws to the city but the required and necessary “improvements” needed in order to make the experience worth its weight in gold.
Winter Olympics 2014 to Add Embezzlement to List of Games
The $50 billion given to Russia for the upcoming Winter Olympic Games of 2014 was to provide for not only the building of brand new professional sports facilities and hotels, but infrastructure improvements to roads, laying new railways and funding for the creation of a bullet train system, not a bad deal for Russia past the Olympic events.
Olympic Summer Games in London 2012 brought an estimated value of $13 billion to London from tourism and improvements to infrastructure.
Those companies that have luckily been contracted to do the work for the redevelopment and upgrades are all government owned or owned by wealthy KGB-friendly senior comrades. This particular Olympic game is already breaking records and drawing attention for being the most expensive games in Olympic history. The complaint of the missing money was filed in a report addressed to the Kremlin, asking for an investigation into what he calls “Putin’s personal project.” One of the authors of the report, Boris Nemtsov, claims that evidence from a 6-month data collection and analysis of cost overruns shows there is obvious corruption and that increasing costs and lowering quality of work have led to a filtering of money into government officials’ pockets.
Whose Putin it in their pockets?
“And it is clear who stole this money-those that are close to that same Putin.” Boris Nemtsov’s report claims.
The Kremlin has claimed hearsay and speculation in denial of the report largely due to the lack of actual raw data contained in the report. Nemtsov explains that he has been unable to acquire the key information due to the elaborate secrecy and strict censorship that is still prevalent in Russia. Being a known opposition leader does not help Nemtsov’s credibility with the Kremlin or the government since the allegations continue his extensive criticism of Putin’s misspending and corruption.