The ex-head of the State Property Fund was arrested in absentia for embezzlement of Odesa Port Plant and UMCC

The higher anti-corruption court chose a preventive measure against the former head of the State Property Fund of Ukraine, Dmytro Sennychenko.

On May 7, the Investigating Judge of the High Anti-Corruption Court supported the position of the Special Anti-Corruption Prosecutor’s Office prosecutor and chose a preventive measure in the form of detention of the former head of the State Property Fund, the office reported.

According to the investigation, the official led a criminal group that during 2019-2021 seized more than UAH 500 million of funds from state-owned enterprises, including the most powerful chemical enterprise of Ukraine JSC “Odesa Port Plant” and one of the world’s largest producers of titanium raw materials JSC “United mining and chemical company”. The group legalized the proceeds of crime in the amount of more than 10 billion hryvnias.

After detaining the suspect, who is on international wanted list, and delivering him to the place of pre-trial investigation, the investigating judge will decide on the application of this preventive measure.

We will remind, among the members of the criminal organization (all positions are indicated at the time of the crime):

• the head of the State Property Fund, whom the investigation considers the organizer of the crime and the head of the criminal organization;

• a co-organizer of the crime – a person close to the head of the State Property Fund;

• adviser to the chairman of the State Property Fund;

• two persons who in different periods performed the duties of the director of JSC “Odesa Port Plant”;

• Acting head of JSC “United Mining and Chemical Company”;

• two owners of the LLC – the winner of the auction at “Odesa Port Plant”;

• two persons are accomplices in the crime.

Read also: The ex-head of the State Property Fund is accused of embezzling UAH 500 million of Odesa Port Plant and UMCC funds