The prosecutor’s office completed the investigation into the embezzlement of funds from the UMCC and Odesa Port Plant

The specialized anti-corruption prosecutor’s office has completed the investigation into the embezzlement of funds of UMCC and Odesa Port Plant.

The SAP prosecutor decided to complete the pre-trial investigation in the case of the criminal organization headed by the ex-head of the State Property Fund, the Specialized Anti-Corruption Prosecutor’s reported.

The activity of the equipment led to losses to the state in the amount of more than UAH 700 million. Its participants are also suspected of legalizing property obtained through crime in the amount of more than UAH 10 billion.

We will remind you that in March 2023, the Specialized Anti-Corruption Prosecutor’s Office and NABU exposed a criminal group that in 2019-2021 seized the funds of 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 – chemical company”.

In the period from November 2019 to March 2020, the head of the State Property Fund created a criminal organization, the purpose of which was to establish control over the most important objects of the State Property Fund management in the mining, processing, fuel and energy and other sectors of the state economy.

According to the investigation, the criminal organization operated with the funds of state-owned enterprises in the period 2019-2021. During the mentioned time, Dmytro Sennychenko was the head of the State Property Fund.

In essence, the participants sought the appointment of their protégés to the management bodies of state-owned enterprises, whose vision was to sell raw materials, provide services, and use state resources. All this, according to the investigation, was done purely for the benefit of the criminal group.

Earlier, USM reported that a new suspect had appeared in the case regarding the embezzlement of UMCC and Odesa Port Plant funds.