General contractor of stadium for World Cup 2018 filed for $42.1m-embezzlement

General contractor of stadium for World Cup 2018 filed for $42.1m-embezzlement
Stadium in Samara

The suspected company received 2.6 billion rubles ($42.1m), and performed works only for 88 million rubles ($1.4m).⁠

Tatdorstroy, the general contractor for the construction of a stadium for the World Cup in Samara in 2018, applied to the police. In a statement, the director of the company accuses another construction company Stalmontazh-Elektrostal that it committed the theft for more than 2.5 billion rubles.

The main subcontractor demands the criminal prosecution of Sergey Ulasevich, the general director of Stalmontazh-Elektrostal LLC. Tatdorstroy confirmed that the application was filed as Stalmontazh-Elektrostal received 2.6 billion rubles for construction work at the stadium, and as a result, works worth 88 million rubles were performed. The rest of the money disappeared. Tatdorstroy believes that Stalmontazh-Elektrostal could steal it.

In addition, a representative of Tatdorstroy noted that Stalmontazh-Elektrostal also tore down the time for the installation of basic steel structures. Because of this, the general contractor had to attract additional resources for construction.

In July, the company USM LLC, Vostokstroy LLC, the Federal Tax Service of Russia for the city of Elektrostal in the Moscow region, Tatdorstroy LLC and others filed a suit with the Arbitrazh Court of the Moscow region with a petition declaring the company Stalmontazh-Elektrostal bankrupt.

The press service of the general contractor of the PSO Kazan construction reported that Stalmontazh-Elektrostal is in the process of declaring itself bankrupt. Judicial proceedings on this issue are scheduled for January 2018. There is a version that the company decided to declare itself bankrupt intentionally, that it would not take responsibility for the time-wasted work.

Recall, the stadium under construction Samara-Arena will have to take six World Cup matches. The stadium will be able to accommodate 45 thousand fans. In August, the general contractor announced that the construction of the facility was late for 30 days.

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