Interfax has reported that Ukrainian law enforcement suspects that chief accountant of Ferrexpo’s Poltava Mining and Processing Plant of committing actions that led to significant losses for the state. Ukrainian media, citing the SBU's Telegram channel, said “The Security Service of Ukraine, or SBU, together with the Economic Security Bureau and the Prosecutor General's Office, reported they had suspicions about one of the top managers of the Poltava Mining and Processing Plant, which is part of the Ferrexpo group of companies and owned by a fugitive Ukrainian oligarch.” According to the service, the actions of the suspect led to the enterprise evading rent payments of about UAH 2 billion, or about USD 55 million, to the state budget for the use of the iron ore deposit subsoil. The conclusions of comprehensive examinations conducted during the pre-trial investigation confirmed the amount of damages. The investigation found that between 2018 and 2021, the manager entered false information into the official documents of the enterprise. This caused significant losses to the state Criminal proceedings were opened under Ukrainian Criminal Code Part 3.212 for evasion of taxes or fees, and Part 1.366, for forgery by an official. The issue of whether or not the suspect should be arrested and incarcerated is being determined. The SBU is continuing to identify all individuals who may be involved in the commission of the offense.
Interfax has reported that Ukrainian law enforcement suspects that chief accountant of Ferrexpo’s Poltava Mining and Processing Plant of committing actions that led to significant losses for the state. Ukrainian media, citing the SBU's Telegram channel, said “The Security Service of Ukraine, or SBU, together with the Economic Security Bureau and the Prosecutor General's Office, reported they had suspicions about one of the top managers of the Poltava Mining and Processing Plant, which is part of the Ferrexpo group of companies and owned by a fugitive Ukrainian oligarch.” According to the service, the actions of the suspect led to the enterprise evading rent payments of about UAH 2 billion, or about USD 55 million, to the state budget for the use of the iron ore deposit subsoil. The conclusions of comprehensive examinations conducted during the pre-trial investigation confirmed the amount of damages. The investigation found that between 2018 and 2021, the manager entered false information into the official documents of the enterprise. This caused significant losses to the state Criminal proceedings were opened under Ukrainian Criminal Code Part 3.212 for evasion of taxes or fees, and Part 1.366, for forgery by an official. The issue of whether or not the suspect should be arrested and incarcerated is being determined. The SBU is continuing to identify all individuals who may be involved in the commission of the offense.
