Tuesday, May 26, 2015

Russian Space Agency ROSCOSMOS Incredibly, Wildly Corrupt: $1.8 BILLION in 2014 Alone Misused

Russia's space industry is in crisis caused by funding cuts, corruption and "moral decay," government officials said.

Billions of rubles have been lost in shady transactions. Construction projects are languishing. And important launches are failing.

In 2014 alone, federal space agency Roscosmos committed 92 billion rubles ($1.8 billion) worth of financial violations, according to Russia's public spending watchdog agency.

The head of the the audit office, Tatyana Golikova, said the amount of money allegedly misused initially shocked her.

"At first I could not believe my inspectors," Golikova told the Russian parliament during her annual presentation on Friday.

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