€3 million bail posted for former minister Halushchenko

A UAH 150 million bail payment (almost €3 million) has been posted for former Energy Minister Herman Halushchenko, who is implicated in the Midas corruption case.

Ukrainian media reported this, citing sources at the High Anti-Corruption Court.

According to journalists’ sources, most of the amount — UAH 87 million (€1.7 million) — was paid by Girant Construct, a company that reported no income in its financial statements over the previous two years. The company made the payment in two instalments: UAH 46 million (around €900,000) on June 26 and a further UAH 41 million (€801,000) today. The firm is involved in the wholesale trade of iron products.

Another UAH 4 million (€78,000) was transferred by the Kyiv-based company Pelet Service, which specialises in logging operations.

Halushchenko was detained while attempting to leave Ukraine on February 15. On February 16, he was notified of suspicion in the Midas case, facing allegations of money laundering and participation in a criminal organisation. The court remanded him in custody with the option of bail set at UAH 300 million (€5.86 million).

In April, the High Anti-Corruption Court extended Halushchenko’s detention for another two months, keeping bail as an alternative measure but reducing it to UAH 200 million.

In June, the court kept Halushchenko in pre-trial detention and reduced the bail amount to UAH 150 million, or almost €3 million.