€1.22 million in losses: in Vinnytsia, a scheme to embezzle trade union property was uncovered

In Vinnytsia, authorities uncovered a scheme for the unlawful alienation of trade union property through which a tourist complex may have been transferred into private ownership, causing losses of more than 63 million hryvnias (€1.22 million).

This was reported by the State Bureau of Investigation.

Seven members of an organized group were notified of suspicion. Among the suspects is, in particular, a former head of PJSC Ukrproftur.

The participants allegedly gradually withdrew trade union property from ownership through a series of share transactions. In particular, the case concerns the Podillia tourist complex in Vinnytsia: it was sold off in parts at understated prices, with the deals arranged through controlled entities. As a result, the property effectively passed into private hands at a price that did not correspond to its real value.

An expert examination established that the losses in this episode amount to more than 63 million hryvnias (€1.22 million).

The suspects are accused of participation in a criminal organization and embezzlement of property on an especially large scale under Part 1 of Article 255 and Part 5 of Article 191 of the Criminal Code of Ukraine.

The former head of Ukrproftur has been detained. For the other suspects, the issue of preventive measures is being decided.

The articles provide for up to 12 years of imprisonment, confiscation of property, and a ban on holding certain positions.

As a reminder, law enforcement previously uncovered an organized group that appropriated more than 60 hectares of land in Kyiv region using forged documents.

Earlier, law enforcement also dismantled a large-scale embezzlement scheme in the system of the State Agency for Management of Reserves of Ukraine.