NABU brought new charges in the case of the former head of Ukraine’s State Property Fund

Ukraine’s National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO) have reported that new charges have been filed in the criminal case against Dmytro Sennychenko, the former head of the State Property Fund of Ukraine.

This was announced by NABU’s press service.

According to the investigation, “the former head of the SPFU, together with his accomplices, installed ‘their’ people as directors of major industrial enterprises—the Odesa Port Plant and the United Mining and Chemical Company—who then signed contracts with pre-selected companies and sold products at reduced prices.”

The difference in value was siphoned off and converted in the interests of the criminal organization. To launder the funds, the accused allegedly set up companies abroad through which they purchased various assets—land in Croatia, expensive cars, and real estate in the United Arab Emirates.

“The total value of the legalized assets exceeded 300 million hryvnias (about $7 million). The activities of the criminal organization caused the state damages of more than 700 million hryvnias ($16.2 million). The participants are also suspected of laundering criminally obtained assets worth more than 10 billion hryvnias ($231 million),” the statement said.

NABU noted that the total number of defendants is 15.

In May 2023, by a decision of Ukraine’s High Anti-Corruption Court (HACC), the main figure in the case, Sennychenko, was remanded in custody in absentia. A month earlier he had been placed on an international wanted list. According to Ukrainian media, Sennychenko is currently in Spain.