Feb 27 β€’ 10:01 UTC πŸ‡±πŸ‡Ή Lithuania 15min

Scheme revealed: 50 million hryvnias earmarked for the repair of shell-bombed Ukrainian power plants ended up in the pockets of fraudsters

An investigation has unveiled a corruption scheme involving the misappropriation of nearly 50 million hryvnias intended for the repair of a bomb-damaged power station in Ukraine.

An investigation has uncovered a significant corruption scheme related to the repair of the Trypillia thermal power plant in Ukraine, where two contractors inflating prices on services, construction materials, and technical equipment led to the embezzlement of nearly 50 million hryvnias over two years. The authorities discovered that during the reconstruction competitions for the plant, with a total budget exceeding 500 million hryvnias for 2023-2025, the accused artificially inflated pricing by approximately 30%, allowing participants in the scheme to share the illicit profits.

The Security Service of Ukraine (SBU) took action against the individuals involved, reporting that during searches, they seized computers, mobile phones, and documents containing evidence of the crime. Additionally, law enforcement officials recovered more than 19 million hryvnias in cash, underscoring the magnitude of the financial misconduct involved. The investigation has led to the indictment of six individuals, including three organizers, two company directors, and an accomplice, all facing serious charges under the Criminal Code.

This case highlights the ongoing issues of corruption within Ukraine's energy sector, particularly in the context of ongoing conflict and reconstruction efforts. With significant funds allocated for the country's recovery, ensuring transparency and accountability in public contracts will be critical to rebuild trust among citizens and international partners, especially as Ukraine seeks support for its rebuilding initiatives in the wake of the war.

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