Policy

Ex-executives of Ukrtatnafta put on international wanted list

The National Police has put the former chairman of the board of one of Ukraine’s largest oil refineries on the international wanted list. He is suspected of embezzling 5.8 billion hryvnias as part of an organized criminal group.

This was reported by the National Police, "Komersant Ukrainian" reports.

According to the police, the official created a criminal organization, which involved his deputy, the head of the department and six entrepreneurs.

The scheme consisted of concluding fictitious contracts for the supply of oil products, under which no actual payment was made. The funds withdrawn from the concern were legalized through accounts in a foreign bank.

Earlier, investigators served all nine members of the group with a notice of suspicion of misappropriation of property on a large scale by an organized group through abuse of office under Part 5 of Article 191 of the Criminal Code.

They face up to 12 years in prison with confiscation of property.

Law enforcement officers seized the securities accounts of a French investment company related to the suspects, as well as the corporate rights of a number of companies involved in the case.

The six suspects are now on the national and international wanted lists. At the initiative of the Department of International Police Cooperation (Interpol National Central Bureau in Ukraine), Red Notices were issued in the records of the Interpol General Secretariat. This will allow suspects to be arrested in any country and extradited to Ukraine.

The notice does not specify the name of the company, but a law enforcement source told Interfax-Ukraine that it is Ukrtatnafta.