SBU exposes UAH 32 m misappropriation in Ukrhydroenergo PJSC
The SBU jointly with the National Police documented UAH 32 m (USD 1.1 m) misappropriation in the Ukrhydroenergo PJSC. The offenders organized a scam on river bank protection for the needs of the Dniester Pumped Storage Hydroelectric Power Plant.
Late 2020, the SBU initiated an inspection of fulfilment of the contract. SBU officers reported shortage of necessary materials in the company’s warehouses. In particular, experts found deficiency in gravel and rocks, needed for safety of hydraulic structures.
Earlier, the pre-trial investigation established that during 2018-2019, specialists of the Ukrhydroenergo PJSC carried out works on land owned by the company. The Ukrhydroenergo managers provided a contractor - Energy and Road Construction LLC – with almost 60 thousand cubic meters of extracted materials.
Investigative actions are ongoing to collect evidence of the criminal offense.
The SBU Main Directorate of Economic Counterintelligence Protection of State's Interests documented the offence within measures on stable and safe operation of hydropower facilities and emergency prevention.
The operation was conducted together with the Main Investigative Directorate of the National Police of Ukraine under the supervision of the Prosecutor General’s Office.