Tsarizm has written extensively over the past few years regarding Russia’s space agency, Roscosmos, and its staggering loss of market share in the commercial space launch business to SpaceX. Once a shining emblem of pride for the Kremlin, the agency is also now a vehicle for ripping off the Russian tax payer as billions have been funneled out of the country by corrupt executives, according to internal audits.
Once boasting of over 60% market share for commercial satellite launches, Roscosmos now has shrunk to around 30% of the global market.
Prosecutors uncovered 1.6 billion rubles ($24.6 million) worth of fraud in the Roscosmos and the Rostec state-run defense corporation last year. Overall, fraud involving Russian state-run space and defense corporations totaled $1 billion in 2018, according to prosecutors, reported The Moscow Times.
“There’s no end in sight, billions are stolen” from Roscosmos, Investigative Committee chief Alexander Bastrykin was quoted as saying by the Govorit Moskva radio station Wednesday.
“It’s a very simple scheme: The money is first moved abroad, then the family leaves, and then the defendant follows [them],” he added at a forum in St. Petersburg.
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