Russian anti-trust service investigates Olympic ticketing agent

13:03, July 14, 2010      

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Russia's federal anti-trust service (FAS) admitted Tuesday that the Olimpiiskaya Panorama (OP) company sold overpriced tickets for Vancouver 2010 Winter Olympics.

OP was the exclusive agent authorized to sell tickets for Vancouver Games in Russia.

According to FAS, the company sold the tickets with a price cap exceeding the pre-agreed 20 percent limit and set different prices for the same tickets.

OP defended itself saying that it acquired 11,000 tickets from the Russian National Olympic Committee in late 2008 when the exchange rate was nearly 35 rubles for 1 U.S. dollar. The later fall of dollar against ruble led to the overpricing of the ruble-nominated tickets.

Russian National Olympic Committee claimed it has nothing to do with tickets sold by OP.

Source: Xinhua

(Editor:张茜)

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