Case over alleged UAH 129 mln embezzlement during water pipeline reconstruction sent to court
A prosecutor from the Specialized Anti-Corruption Prosecutor’s Office (SAPO), based on an investigation by the National Anti-Corruption Bureau of Ukraine (NABU), has sent an indictment to court in a case involving the alleged embezzlement of UAH 129 million allocated for the restoration of critical infrastructure in Kamianske district, Dnipropetrovsk region.
A prosecutor from Ukraine's Specialized Anti-Corruption Prosecutor's Office has filed an indictment alleging the embezzlement of UAH 129 million during the reconstruction of a water pipeline in Kamianske district, Dnipropetrovsk region. According to the investigation, seven individuals, including a local businessman and several executives, are accused of organizing the scheme.
The indictment claims that the alleged organizer used an intermediary company to win a 2022-2023 tender for the pipeline reconstruction. The winning company was then required to purchase pipes, which were allegedly bought at market prices and resold to the municipal enterprise at prices more than three times higher. This scheme reportedly caused losses of over UAH 129 million to the municipal enterprise.
The funds were allegedly taken by the suspects and then laundered by transferring them to accounts of related companies. The business owner of the winning company is a wanted individual by the US Federal Bureau of Investigation for property crimes, according to the prosecutor's office.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
