Abuse of officials of the State Food and Grain Corporation of Ukraine: the amount of damage is more than 57 million US dollars
During the pre-trial investigation, the investigators of the National Police established: the officials of the joint-stock company, having entered into a criminal conspiracy with other persons, committed the waste of the company's mine by carrying out export operations of grain to controlled non-resident companies at low cost and without the possibility of prepayment. In addition, they entered into insurance contracts in which they artificially inflated the insurance rate from the total insured amount, which caused serious consequences. The amount of damage caused to the state-owned company is more than $57 million.
Recall: the operatives of the Strategic Investigations Department together with the investigators of the Main Investigative Department of the National Police of Ukraine exposed the illegal activities of the officials of JSC “State Food and Grain Corporation of Ukraine” (hereinafter - JSC “DPZKU”).
Within the framework of the investigation of criminal proceedings initiated on the basis of criminal offenses provided for in Part 2 and Part 4 of Art. 191 (Appropriation, embezzlement or possession of property by abuse of official position) of the Criminal Code of Ukraine, law enforcement officers established that the corporation's officials carried out grain export operations to controlled non-resident companies. At the same time, they underestimated the cost and did not make preliminary payment for the goods. During the investigation, the police uncovered numerous facts of the implementation of the criminal scheme. In particular, with the loan funds obtained under state guarantees, the officials of the state corporation purchased grain through fictitious enterprises and exported the goods at a price that was much lower than the market.
At this time, it is known that during January-May 2021, between JSC “DPZKU” concluded foreign economic contracts for grain export with foreign companies totaling more than 231 million US dollars. And as of the end of July 2021, the accounts receivable of the above-mentioned companies to the state-owned company is more than 57 million US dollars.
The facts of abuse during the conclusion of property insurance contracts are also established. The officials of the corporation, in collusion with the officials of commercial entities, concluded insurance contracts in which they artificially inflated the insurance rate from the total insured amount, which caused severe consequences for the state-owned company. According to these facts, the investigators of the National Police are investigating criminal proceedings under Part 2 of Art. 364 of the Criminal Code of Ukraine.
In particular, between JSC “DPZKU” and three insurance companies, a voluntary insurance contract for the total amount of UAH 2.559 billion was concluded and an insurance premium of UAH 99,042 million was paid. The insurance rate under this contract amounted to 3.87% of the cost of the company's mine, which is 3-5 times higher than the market price.
On August 10 and 11, law enforcement officers conducted 62 searches in Kyiv, on the territory of Volyn, Dnipropetrovsk, Kiev, Rivne and Odessa regions. Investigative actions took place at the places of work and residence of the defendants, in vehicles and in office premises. According to the results of the searches, documents of financial and economic activities, draft records, computer equipment, mobile phones, as well as more than 200 thousand US dollars were discovered and seized.
In these criminal proceedings, a number of investigative actions and examinations are planned. Based on their results, the issue of declaring suspicions to persons involved in the theft of state funds will be resolved.
Communications Department of the
National Police of Ukraine
(based on the materials of the Main Investigative Department)
