Contents tagged with Rosinfokominvest
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Russian state high-tech investment fund caught taking taxpayer money offshore
Rosinfokominvest, the Russian State Investment Fund for Information and Communication Technologies, established in 2007 to modernize the Russian economy, has financed only one project in the more than 10 years of its existence – a scheme to take taxpayer money out the country.
This was the conclusion reached by Russia’s Accounts Chamber after an audit of how the budget funds allocated to the company have been used.
According to the fund’s business plan from 2007, after receiving 1.45 billion …