Herman Halushchenko, the former energy minister of Ukraine, has received a formal notice of suspicion related to the Midas case as announced by the National Anti-Corruption Bureau of Ukraine (NABU). He is accused under Article 255.2, which pertains to participation in a criminal organization, and Article 209.3, which deals with the legalization of proceeds from crime. These allegations indicate significant legal troubles for Halushchenko, who played a critical role in the energy sector during his tenure.

Investigations revealed that a fund was established in Anguilla in February 2021 as part of the criminal organization tied to the Midas case. This fund was purportedly created to attract investments totaling around USD 100 million. It was led by an individual who has longstanding associations with the criminal group and who allegedly specializes in laundering money from illicit activities. The implications of this fund suggest extensive financial mismanagement and corruption within the Ukrainian energy sector, raising concerns about the oversight and legality of energy investments in the nation.

Additionally, reports hinted that Halushchenko's family might have connections to the fund, which could exacerbate the charges against him. The development raises significant questions regarding the integrity of government officials in Ukraine and highlights ongoing issues with corruption at high levels of power. As the investigation proceeds, it is likely to bring further scrutiny and potential reform within the Ukrainian political and energy landscape.