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 16 searches conducted in Ukrnafta in 7.7B hryvnia property theft probe, - NABU

On Feb. 1, detectives of the National Anti-Corruption Bureau of Ukraine (NABU) conducted 16 searches in different cities of Ukraine. Investigative actions were carried out under the procedural guidance of prosecutors of the Specialized Anti-Corruption Prosecutors Office as part of a pre-trial inquiry into the fact of appropriating oil of Ukrnafta (Ukrainian oil) PJSC worth more than 7.7 billion hryvnia ($278.386 million).

Censor.NET reports citing the NABU press service.

As stated, the suspects are charged with evasion of taxes and duties, appropriation and embezzlement of property through abuse of office, acceptance of an offer, promise or receipt of undue profit by an official.

Read more: NABU raids office of Ukraine's major oil company Ukrnafta, agency chief says

From March to October 2015, the executives of a number of companies, acting by prior conspiracy with officials of Ukrnafta PJSC, seized the property of the said PJSC (50 percent + one share of Ukrnafta is owned by Naftohaz Ukrainy oil and gas company) on a large scale.

According to investigators, Ukrnafta held a number of unfair auctions and sold oil and other products to company-winners at lower cost.

Read more: NABU summons Judge Chaus for questioning on Jan. 16

Later on, Ukrnafta concluded additional agreements with the said companies to defer payments for already delivered oil. The payment for the supplied products has not been made so far, causing massive losses to the state totaling 7.744 billion hryvnia.

Read more: Ukrnafta files lawsuit against Russia in Permanent Court of Arbitration
 
 
 
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