Midas earthquake: the biggest corruption scandal shaking the Ukrainian state
The article discusses a significant corruption scandal in Ukraine involving high-ranking officials, including the arrest of Galushenko during an attempted exit from the country amid a major anti-corruption investigation known as 'Midas'.
The article highlights a significant corruption scandal in Ukraine, prominently featuring the arrest of Galushenko while attempting to leave the country, part of a broader investigation named 'Midas'. This expansive investigation, led by Ukrainian anti-corruption agencies, has unraveled over a year-and-a-half of covert operations including wiretapping and raids. The focus of the investigation is Energoatom, the state nuclear energy company, where current and former officials—including previous ministers and a vice-prime minister—are suspected of manipulating public contracts in exchange for illicit commissions estimated between 10% and 15% of contract values.
Moreover, the investigation has drawn in prominent personalities, such as the film producer Timur Mendyche, who is a business partner to President Volodymyr Zelensky in a television studio. Mendyche fled Ukraine just before law enforcement raided his residence on November 10. The consequences of this scandal have been severe, leading to the resignation of Andriy Yermak, the head of the presidential office, after police raided his home, despite no formal charges against him. Yermak expressed his willingness to cooperate with the investigation.
The unfolding circumstances underscore the severity of systemic corruption in Ukraine, especially within its energy sector, and the challenges faced by current governmental efforts to combat such deep-rooted issues. This situation has implications for Ukraine's international standing, particularly related to its ongoing relations with the West and efforts to secure support against external threats while tackling internal malpractices.