The Security Service of Ukraine and the Economic Security Bureau of Ukraine have served a notice of suspicion to one of the persons involved in misappropriation of UAH 40 bln (USD 990 mln) by the former management of PJSC Ukrnafta and PJSC Ukrtatnafta.

The suspect is the chief accountant of Ukrtatnafta. The woman was hiding in Uzhhorod district in Zakarpattia, but the SSU established her location.

Among other things, the investigation identified that Ukrtatnafta had produced and sold fuel through its network of gas stations without paying the excise tax, although this fee was included in the price for consumers. Therefore, the excise tax arrears in this episode amount to UAH 605 mln (USD 15 mln).

The law enforcement agencies continue to investigative the case on misappropriation of UAH 40 bln (USD 990 mln) by the former management of the joint-stock companies.

As a result of investigative activities, premises where hidden accounting records of one of the companies were kept was uncovered in Dnipro. There, investigators found documents of related companies, seals, etc.

The law enforcement agencies are looking for the withdrawn assets of Ukrnafta and Ukrtatnafta and establishing all the circumstances of the unlawful activities of former executives of these entities.

Earlier, the SSU and the ESBU exposed large-scale schemes of misappropriation of UAH 40 bln (USD 990 mln) by the former management of Ukrnafta and Ukrtatnafta. The illegal mechanisms also included tax evasion and money laundering.

Currently, 10 episodes of criminal activity are being documented within the criminal proceedings. These include diversion of large batches of petroleum products to affiliated companies, tax evasion, creation of bad debts of the oil refinery and oil production plants, which led to depreciation and reduction of their assets’ value.

According to the investigation, such criminal activity was carried out in the interests of actual owners and beneficiaries of the companies.