On December 12, 2017, the Detectives of the National Anti-Corruption Bureau of Ukraine (NABU) under the procedural guidance of the Specialized Anti-Corruption Prosecutor’s Office (SAPO) conducted a number of searches. As a result, four persons, allegedly involved in 259.2 million UAH public funds embezzlement of the State Agency for Investment and Management of National Projects and the State Enterprise (SE) State Investment Company, were detained. Among the detainees there are the ex-deputy Head of the State Agency for Investment and Management of National Projects (also known as an adviser of the Director of the SE State Investment Company); a former employee of the State Agency for Investment and Management of National Projects; a former Director of the SE State Investment Company; a Head of a number of fictitious private enterprises.
The investigation revealed that the abovementioned persons by abusing their official positions concluded fictitious agreements between the SE State Investment Company, Limited Liability Company (LLC) Borysfen and LLC Borzhava Resorte for the implementation of the National Project «Good Quality Water» and «Olympic Hope-2022».
According to the NABU Detectives, these companies originally did not have capacity or intentions to implement the abovementioned projects. The received funds were transferred to the accounts of offshore companies, controlled by the officials of the State Agency for Investment and Management of National Projects.
The NABU Detectives started the investigation of the abovementioned criminal proceeding in July 2016. The materials were passed to the NABU by the National Police.
According to Article 62 of the Constitution of Ukraine a person is considered not-guilty in commission of crime and cannot be a subject to criminal punishment, until he or she is found guilty by the court.
It should be reminded that on August 2, 2017, in terms of pre-trial investigation of this criminal proceeding the NABU Detectives detained a person involved in 94 million UAH public funds embezzlement of the State Enterprise State Agency for Investment and Management of National Projects. The abovementioned person is the Head of the private enterprise involved in the corruption scheme of public funds embezzlement of the SE State Agency for Investment and Management of National Projects during 2012-2014.