The SBU exposed an illegal scheme of laundering over UAH 30 m (USD 1,071,429) of budget funds. The scheme was organized by the management of a top agricultural company in Sumy region.

Allegedly, during 2019-2020 the state enterprise management concluded a number of agreements with shell companies on the ostensible purchase of agricultural raw materials. The dealers used fake non-commodity transactions to get money and transfer it into cash.

During the searches of the state enterprise’s office and the suspects’ residences in Sumy and Kharkiv regions, the law enforcement officers seized:

• official documents and draft accounting records;
• mobile phones and computers proving the unlawful activity.

The criminal proceedings were initiated upon misappropriation or conversion of property by malversation. The investigative actions are ongoing to identify all the persons involved in the scheme.

The operation was carried out by the SBU Office in Sumy region jointly with the Main Investigation Department of the National Police and the Main Directorate of the State Fiscal Service in Sumy region under the supervision of the Prosecutor General's Office.