Medvedev to Investigate Excessive Pricing of Materials for Sochi ’14

March 17, 2011

Allegations of excessive pricing for construction materials for the Sochi 2014 Winter Olympics are to be investigated under orders from Russian President Dmitry Medvedev.

The Russian Government’s Chief Auditor, cialis Konstantin Chuichenko, symptoms published a report that revealed that some prices of raw materials such as sand, crushed stone and pebble had doubled in the space of a year, forcing Medvedev to order the inquiry.

Sochi has already splashed out more than US$30bn on construction projects ahead of the Games, but fears of possible cost over-runs have prompted Medvedev to take a closer look.

Medvedev spoke of the investigation: “Apart from giving the order to the Prime Minister (Vladimir Putin), it is necessary to give the order to the Prosecutor General (Yury Chaika). 

“I would like ongoing control of this kind over the use of funds for the Olympics. Such facts must be consistently dragged out and made public.

“Discipline is one thing, and a criminal offence is another. Let them investigate.”