NABU completes investigation into $60 million grain theft case: oligarch suspected in grain scheme
NABU detectives and SAPO prosecutors have completed an investigation into the owner of an international grain trader, who is suspected of organizing a large-scale scheme to embezzle the assets of the “State Food and Grain Corporation of Ukraine”. This was reported by the NABU press service.
According to the investigation, the oligarch of Russian origin organized the export of state grain to Saudi Arabia without paying for the goods. State grain was shipped to foreign customers through a network of controlled companies on a cash-on-delivery basis. This contradicted market rules and internal regulations of the state corporation.
As a result, DPZKU did not receive any money for its products and suffered losses of $60 million. Part of this money, over $40.9 million, was legalized through foreign companies registered in Cyprus. In addition to the organizer, five more people are involved in the scheme.
The court has already passed guilty verdicts regarding former representatives of DPZKU and the owner of the foreign company. In particular, the Supreme Court of Justice sentenced the advisor to the chairman of the corporation’s board to 8 years in prison. The case against another representative of the grain trader is currently being considered by the court.
Previously, law enforcement officers exposed a large-scale scheme in the State Food and Grain Corporation of Ukraine. Due to fraud, the state lost 106 thousand tons of grain worth 776 million UAH.
