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Third of Sochi Budget Swindled, Says IOC Member

Published: January 16, 2014 (Issue # 1793)



  • Gian-Franco Kasper, head of the International Ski Federation, has made accusations of money being stolen from Sochi's budget despite being allegedly implicated himself.
    Photo: Thomas Lohnes / AP

An International Olympic Committee member who alleged massive theft at the Sochi 2014 Winter Games in Russia should be taken to court over the comments, a leading Russian official said Wednesday.

Gian-Franco Kasper told Swiss radio last week that he believed up to a third of Sochi's estimated $50 billion budget for the Games had been siphoned off, pointing the finger at businessmen close to the Kremlin and to President Vladimir Putin.

The comments provoked a strong response from Vladimir Yakunin, the government-appointed head of Russia's vast state-run railway company and one of the country's most powerful men. Russian Railways is also a major Olympic investor and constructor in Sochi.

"Did [Kasper] take part in this theft? Then he should be judged," Yakunin said. "If he has received some sort of materials proving it's true, then put him on the stand, but otherwise you're a slanderer and you need to be judged according to the law."

With three weeks to go before the Olympic opening ceremony in Sochi, Yakunin's remarks could cause friction between the Russian government and the IOC. As head of the International Ski Federation, Kasper is expected to attend the Games.

Kasper is not the first to allege massive corruption in the Sochi construction process. Opposition figure Boris Nemtsov, a former minister, published a report last year that claimed up to half of the budget had been stolen.

Putin has said in the past that he expects "critical remarks" about corruption, but that the issue is confined to "financial institutions" and will not affect the smooth running of the Sochi Games.

The Olympics run from February 7 to 23.

See also:

Sochi Risks Fumbling its Olympic Tourism Opportunity

A Tale of Two Olympic Cities





 


ALL ABOUT TOWN

Saturday, Nov. 22


Russian Premier League-leaders Zenit St. Petersburg return from the international break to take on Kuban Krasnodar at Petrovsky Stadium this evening at 7 p.m. Tickets for the game can still be purchased on the club’s website, at the Petrovsky Stadium box office or in any of the club’s merchandise stores.



Sunday, Nov. 23


Get in the holiday spirit at today’s Winter Bazzar at the Astoria Hotel. Featuring gifts from around the world such as French eclairs, Dutch cheeses and Indian jewelry, the annual event organized by the International Women’s Club will feature 18 international stands and raise money for charity through the sales of a diversity of products that further illustrate the city’s international connections.



Monday, Nov. 24


Dr. Axel Schulte, Department Head at Fraunhofer Institute for Material Flow and Logistics in Dortmund, Germany, is the featured speaker at the SPIBA Industrial Committee lecture on “The Fourth Industrial Revolution: Digitalization of the Supply Chain.” The event begins at 4 p.m. at the Graduate School of Management at 3 Volkohvsky Pereulok and registration is required by Nov. 21 either by emailing office@spiba.ru or calling 325 9091.



Tuesday, Nov. 25


Tag along with AmCham during their “Industrial St. Petersburg” Tour program today. This incarnation of the ongoing series will visit Philip Morris Izhora and include an Environmental Health and Safety Committee meeting.


Find out how to expand your business east during the “Business With China” forum beginning today and concluding tomorrow at the Lenexpo convention center. The largest Russian forum dedicated to business with the Asian giant, topics that will be discussed include logistics, customs clearance, trade financing and many more.



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