In Kryvyi Rih, the SSU has notified an official of a private metallurgical company of suspicion of actions leading to over UAH 2.2 b (USD 83 m) in state losses.

The individual is suspected of official forgery and intentional tax evasion.

The SSU established that in 2017-2019 the suspect entered false data into the company’s official documents, in particular information related to payments for use of two iron ore deposits.

Moreover, the offender’s illegal actions from December 2014 to March 2019 resulted in the evasion of payment for subsoil use by the company.

According to the forensic examination, the fraud caused over UAH 2.2 b (USD 83 m) in budget losses.

The pre-trial investigation is underway to identify other involved individuals.

The court is to decide on measure of restraint.

The SSU Main Investigation Directorate is conducting the investigation with the operational support of the SSU Main Directorate for CI Protection of Economic Security, under the supervision of the Prosecutor General’s Office.