Alrosa Facing Audit

The on again-off again audit of Alrosa’s books is on again, Russia’s Audit Chamber announced. According to the chamber’s chief, Sergei Stepashin, the Russian diamond miner’s finances will be examined in November.

“We shall look into the company’s finances and day-to-day operation, as well as its effectiveness,” Stepashin said recently, promising an “open” inspection.

A previous audit threatened to bring the company to its knees after it was told it owed billions of rubles in taxes. The move was viewed at the time as a threatening move by President Vladimir Putin.