Company of former Olympic Committee head's son spent 400 million and shut down

Almost immediately after Alexander Zhukov was removed from his post as head of the Olympic Committee, his son Pyotr Zhukov's IT startup, which had spent time in an English prison, also closed down.

The young entrepreneur's company, "Indigo-IT", promised to create Russian corporate management systems. However, after receiving 400 million rubles from the budget, the enterprise shut down. The software, of course, was never created. The money vanished.