The SBU officers terminated the operation of the conversion center with a total turnover of almost half a billion hryvnias a month.

Allegedly, the organizers of the center conducted illegal financial transactions in Vinnytsia, Odesa, Dnipropetrovsk, Poltava, Cherkasy, Kirovohrad, Kyiv and Zaporizzhia regions.

In order to minimize taxes and transmit money to the shadow economy they cashed money on orders of the “clients” among which where state-owned enterprises. The suspects also provided "services" to legalize profits from illegal activity. For this purpose, they used a number of controlled private companies, including oversea ones.

For each illegal financial transaction, the organizers of the scheme received an interest that depended on the whole amount of the transaction.

During searches at the suspects' homes and vehicles, law enforcement officers found several hundred seals of dummy companies, computers, flash drives and mobile phones with evidence of illegal activity, as well as more than UAH 1,000,000 (USD 37,000).

The investigative actions on bringing to the criminal responsibility other offenders involved in the unlawful actions  are under way within the framework of the criminal proceeding initiated under Part 4 Article 191 of the Criminal Code of Ukraine.

Measures are being taken to confiscate the seized property, block bank accounts of dummy companies and reimburse losses to the state.

The operation was conducted jointly with the National Police under the procedural supervision of the Kyiv Prosecutor's Office No.9 and the State Financial Monitoring Service of Ukraine.