15 million USD soybean export fraud: state compensated for losses
6.10.2025 - 12:50
The company’s director intentionally failed to declare income from the purchase and sale of soybeans, which were to be exported from one of the ports of the Odesa region.
This was reported by the Odesa Regional Prosecutor’s Office.
Prosecutors have filed an indictment against the company’s director for intentional tax evasion in particularly large amounts (Part 3 of Article 212 of the Criminal Code of Ukraine).
According to the investigation, the company was engaged in wholesale trade in agricultural products.
“Its director intentionally failed to declare in his tax returns for the first half of this year income from business transactions on the purchase and sale of soybeans in the amount of almost 5,400 tons. The products were to be exported by sea to the Republic of Côte d’Ivoire in West Africa,” the report says.
The prosecutor’s office also noted that the company’s sales and profits were significantly higher than officially indicated in the declaration. As a result of the entrepreneur’s illegal actions, the state could have missed out on almost UAH 15 million in taxes.
As part of the pre-trial investigation, the company has already entered truthful data into the tax return and paid the full amount of unpaid taxes to the state budget.
As previously reported by USM, in August of this year, detectives from the Bureau of Economic Security reported that they had uncovered a scheme to export 5,400 tons of soybeans worth about $2 million through the Pivdenny port.
