On January 24, 2017, the Detectives of the National Anti-Corruption Bureau of Ukraine (NABU) under the procedural guidance of the Anti-corruption prosecutors detained a former Head of the Public Joint-Stock Company (PJSC) State Food and Grain Corporation of Ukraine and a representative of the international Grain Trader on suspicion of causing losses to the PJSC in the amount of more than 60 million USD (more than 1.6 billion UAH).
At present, the searches are in progress. Large amounts of cash and computer equipment, allegedly used for criminal purposes, were seized.
The detained former PJSC official (a Head of Information Analysis Department) may be involved in a number of crimes, resulted in PJSC suffering losses.
The investigation revealed that in 2014 after being appointed one of the heads, the abovementioned along with other officials organized a scheme for personal enrichment. In terms of this scheme the PJSC grain was sold by the set of private companies-intermediaries, controlled by PJSC officials and a representative of one of the international grain traders, to the international Grain Trader at reduced prices.
Then the abovementioned Grain Trader was realizing the purchased grain at the market prices. The difference in cost was to be transferred to the account of one of the companies controlled by intermediaries.
As a result, the PJSC State Food and Grain Corporation didn’t receive the greater part of the funds for the purchased grain and consequently the SE suffered losses in the amount of more than 60 million USD.
The NABU started this investigation in July 2016. On January 27-28, 2017, the Solomyansky District Court of Kyiv chose a preventive measure for four suspects in a form of detention with a possibility of an alternative bail.
It should be reminded that the NABU finished the pre-trial investigation of another criminal proceeding regarding PJSC State Food and Grain Corporation of Ukraine as of the facts of 50 million UAH funds embezzlement. In December 2016 the NABU Detectives sent indictment to the court.