The Cabinet of Ministers released the text of the audit conducted by Trout Cacheris, Akin Gump Strauss Hauer & Feld and Kroll of the effectiveness of use of budget funds by the government of Yulia Tymoshenko in 2008-2009 and the first quarter of 2010.
A scan of the report is released on http://minfin.gov.ua/control/uk/publish/article?art_id=274232&cat_id=53608 in English. The report is 176 pages long.
According to the audit, the government of former Prime Minister Tymoshenko misappropriated nearly half a billion dollars. A source in the government familiar with the investigation said the three auditors received a $2 million fee for their work, but the government hopes to return "at least a hundred times that much"that had allegedly been embezzled under Tymsohenko and sent abroad through fake contracts and dubious currency conversion deals.
Two moe audits are expected to take place, costing the taxpayers roughtly the same. They will concentrate on the money from the state reserve, a backup fund set aside for natural disasters and such, and the inspection of state monopolies.
Read more about the audit here:
Update: Audit claims Ukrainian officials misspent millions
PRNewswire: Audit uncovers alleged corruption by Tymoshenko government
