Serious violations during preparation to FIFA World Cup 2018 have been determined in Nizhny Novgorod, Russia

Russian Financial Supervision Committee initiated unscheduled inspection. 30.Sep.14 12:45 PM By Abigail Richards Photo Toinnov.com    536

Serious financial violations have been determined by specialists of Financial Supervision Committee during unscheduled inspection of preparation works for the upcoming FIFA World Cup 2018. The results of inspection have shown that 300 million rubles were transferred on project organizations ‘accounts with a huge delay. Moreover additional 128 million rubles are necessary. This information has not been provided to the Russian Ministry of Sports by local authorities on time. On the other hand representatives of project and construction companies explained that such situation is due to a lack of necessary initial permission documents. The delay of transferring funds has resulted in the fact that a set of needed documents was missing for a long time. Document which allows construction of object on a provided territory is among them. That is why there appeared spaces which are under control of the third parties. At the same time local authorities have not provided construction companies with document which permit them demolition of old objects within construction zone. It should be noted that local authorities have spent about a year on withdrawal of objects from their owners. 6 of them have agreed to accept governmental proposal. Three owners have already turned to the court. That is why some permission documents are

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