The Security Service of Ukraine exposed officials of a Kyiv branch of one of the state-owned banks on embezzlement of UAH 80,000,000 (USD 3,200,000).

During the pre-trial investigation, the law enforcement established that a mid-level executive of the bank in conspiracy with another official arranged the scheme of illegal withdrawal of money from a state enterprise. They registered dozens of accounts for private entities using forged documents. Than, the suspects systematically transferred on them funds of the state bank, cashed them and appropriated.

Two officials are served a notice of suspicion of the crimes stipulated under Art. 358 and Art. 366 of the Criminal Code of Ukraine.

The pre-trial investigation is under way.

The operation was conducted by the Main Directorate of counter-intelligence protection of state economic interests under the supervision of the General Prosecutor’s Office of Kyiv No.6.