Gazprom ‘lost’ $1 billion in 2009

Gazprom lost or illegally spent 28 billion rubles (about $1 billion) in 2009, the Audit Chamber said on Thursday following a check of the Russian gas giant.

“The monitoring of internal audit services’ operations showed that illegal spending and losses of money and valuables worth over 28 billion rubles was revealed in subsidiaries in 2009 alone, a number of employees were held liable for damage and subjected to disciplinary liability (deprived of bonuses, reprimanded, downgraded or relieved of office),” the Chamber said in a report.

It also said that Gazprom was working to remedy the failures and prevent them in future, and had made steps to recover lost assets and return overpaid sums of money.

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