The SSU jointly with the ESBU and the Prosecutor General’s Office served a notice of suspicion to a top manager of Poltava Mining and Processing Plant, a part of Ferrexpo group owned by a fugitive Ukrainian oligarch.

Because of the suspect’s actions, the company evaded paying rent of about UAH 2 bln (USD 49.4 mln) to the state budget for use of subsoil of an iron ore deposit.

The investigation established that the official had been entering false information in the company’s official documents during 2018-2021. This caused significant losses to the state.

Criminal proceedings were opened under the Articles of the CCU:

• 212.3 (tax evasion);
• 366.1 (official forgery).

The findings of comprehensive examinations conducted within the pre-trial investigation confirmed the amount of losses to the state budget at UAH 2 bln (USD 49.4 mln).

Court is to decide on a measure of restraint.

The SSU continues to identify all those who may be involved in the offence.

The SSU and the Economic Security Bureau carried out the investigation under the procedural supervision of the Prosecutor General’s Office.