50 million state fund embezzlement: NABU detains former head of the State Food and Grain Corporation

02.08.2016 11:11

On July 26 the detectives of the National Anti-Corruption Bureau (NABU) in cooperation with the prosecutors of the Special Anti-Corruption Prosecutor`s Office (SAPO) took into custody the former acting chairman of the board of PJSC State Food and Grain Corporation of Ukraine along with the chairman of the board of PJSC Rokytne grain enterprise.

The detainees are suspected of creating a corrupt scheme, which caused an embezzlement of about UAH 50 million state funds (Part 5 Article 191 of the Criminal Code of Ukraine “Misappropriation, embezzlement or conversion of property by abuse of office”).

According to investigation the detainees have signed a contract on the supply of 16,600 tons of third-grade maize to the corporation on the terms of full prepayment. Both parties knew that the mentioned commodity was de facto not available, therefore the grain enterprise was not going to fulfill the contract. But the State Food and Grain Corporation transferred about UAH 50 million in budget funds to the enterprise's account for the commodity, which has not been supplied.

The investigation is still in progress. It has been started by the NABU detectives on December 2015.

Foto: agrodovidka.info