Following the investigation results of the National Anti-Corruption Bureau of Ukraine (NABU), foreign companies and banks from at least 10 countries involved in the infliction of more than a third of all losses resulting from corruption-related crimes. With their participation, more than 2.27 billion UAH, 428 million USD, 4.3 million EUR and 825 thousand GBR were withdrawn out of Ukraine. It is stated in an article published on the official website of the NABU.
Foreign commercial agencies act in the corruption schemes as intermediaries and the final beneficiary is a citizen of Ukraine. In particular, these intermediary companies, assisted by senior executives of the state enterprises, buy their products at a bargain price, or vice versa – supply the necessary equipment at an overvalued price. In turn, the operating income is moved abroad.
In particular, foreign companies involved in corruption schemes that have been implemented at such public companies as PJSC “Ukrgazvydobuvannia”, PJSC “State Food and Grain Corporation of Ukraine” (SFGCU), PJSC “Odessa Port Factory” (OPF) and so on.
Most often, these intermediary companies located in the UK and Cyprus, and banking transactions conducted through financial institutions of Latvia and Austria. In general, under investigation, the NABU has sent out 161 requests for international legal assistance to law enforcement agencies of 41 countries of the world.
It should be reminded that the NABU was established on April 16, 2015. By the end of March 2017, this body investigates 319 criminal proceedings, and the damage caused to the State exceeds 85 billion UAH.
Source: the NABU