May 26, 2015 05:24 PM
http://www.engadget.com/2015/05/26/rosco...lion-loss/
EXCERPT: Russia's Roscosmos space program doesn't have a lot of cash to waste after its budget was cut by 35 percent in March. But an internal audit found that it flushed $1.8 billion down the toilet anyway, according to the Moscow Times. The nation's deputy prime minister said many of the losses were caused by "acts of fraud, abuse of authority and forgery of documents." Referring to two recent setbacks, including the loss of an ISS cargo ship, he added that "with such a level of moral decay, one should not be surprised at the high accident rate."...
EXCERPT: Russia's Roscosmos space program doesn't have a lot of cash to waste after its budget was cut by 35 percent in March. But an internal audit found that it flushed $1.8 billion down the toilet anyway, according to the Moscow Times. The nation's deputy prime minister said many of the losses were caused by "acts of fraud, abuse of authority and forgery of documents." Referring to two recent setbacks, including the loss of an ISS cargo ship, he added that "with such a level of moral decay, one should not be surprised at the high accident rate."...