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Numerous Violations on 1.89 Billion Rubles were identified in Nizhny Novgorod, Russia

Results of examination have been announced by Federal Service of Financial Supervision.

16.Oct.14 12:05 PM
By Mihail Prygunov


Numerous Violations on 1.89 Billion Rubles were identified in Nizhny Novgorod, Russia
Regional Department of Federal Service of Financial Supervision has determined numerous violations in Nizhny Novgorod region. The overall sum which resulted in these violations is 1.89 billion rubles. The results of examination have been provided by media office of the department.

Overall 109 examinations have been made during the last 9 month. Experts checked organizations which receive funds from the federal budget. The results are very frustrating. Total amount of violations resulted in 1.89 billion rubles. 400 million rubles resulted in violations connected with inefficient usage of funds and material resources. Misuse of budget funds led to 117 million ruble losses. 7 million rubles are considered to be not provided from the budget. Other violations include 1.364 billion rubles. 35 reports about misuse of budget funds have been made during this period of time.

48 materials have been provided to representatives of the department. All of them are also related to violations which led to 1.89 billion ruble loss.

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