SBU documents illegal import of light oil products

SBU documented an illegal scheme of "shadowing" the national economy in the light oil products market.

Reportedly, during 2018-2020 the organizers of the deal imported light oil products using forged documents and bank account details of an importing company registered to a front person.

Later, the offenders illegally sold counterfeit oil products for cash without paying taxes. They also offered illicit tax credits to the customers and helped them to convert money into cash.

For such deals, the suspects received a so-called bonus of 7-9% of the total funds of the companies’ accounts. As a result of the unlawful scheme, the Ukrainian state budget suffered over UAH 200 million (USD 6,896,552) losses.

During the authorized searches, law enforcement officers seized false accounting records, stamps and seals of public authorities used to forge official documents. The investigative actions under the initiated criminal proceedings are ongoing. The exposing operation was carried out by the SBU Main Directorate for Counterintelligence Protection of State Economic Interests jointly with the National Police Main Investigative Directorate under the supervision of the Prosecutor General's Office.