Former head of Ukraine’s State Reserve notified of suspicion in UAH 36 million embezzlement case

This was reported by the SAPO press service.

According to the investigation, the scheme caused the state losses of approximately UAH 36 million. Law enforcement officers established that in the fall of 2022, the participants in the scheme set up a mechanism for illegal profit from the warehouse premises of the state enterprise. Officials concluded fictitious contracts with controlled private companies and entered false data into the handover certificates. The documents indicated significantly smaller warehouse areas than those actually used.

Subsequently, these companies leased the premises to businesses at the actual sizes, converted the proceeds into cash, and distributed them among the scheme participants.

In addition to the former head of the State Reserve, suspicion was also notified to the former deputy director of the state enterprise, the organizer of the scheme, and his accomplice. All of them are charged with misappropriation of property on an especially large scale under Part 5 of Article 191 of the Criminal Code of Ukraine.

«It should be noted that the organizer of the criminal scheme was detained while attempting to cross the state border. The court has applied to him a preventive measure in the form of detention», — the SAP stated.