Boxer Povetkin’s foundation fined for illegal business

Boxer Povetkin’s foundation fined for illegal business

The premises given to the sports and leisure center were leased to merchants.

Boxer Alexander Povetkin’s Foundation for Assistance and Development of Sports was fined 1 million rubles ($ 15,000) for illegal lease of premises received from a state enterprise for a sports and leisure center. A shopping space was set up in the building, the press service of the Prosecutor General’s Office reports.

Earlier, the Moscow Property SUE transferred the land plot in the Krylatsky District and the building located on it to the foundation. The Prosecutor's Office established that the premises were leased to retail and wholesale outlets trading spare parts and accessories, as well as for repair works, i.e. were used for other purposes (part 1 of Article 8.8 of the Code of Administrative Violations).

The Foundation was established by the Honored Master of Sports Povetkin in 2015 to “form a healthy nation.” In the 2000s, the boxer repeatedly won the championships of different levels, including an international one – in 2003.

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