Over 50 million embezzled during reconstruction of Trypillia TPP
The Security Service of Ukraine, the National Police, and the Prosecutor's Office have uncovered a scheme to embezzle over 50 million hryvnias of state-owned enterprise funds allocated for emergency repair work at the Trypillia Thermal Power Plant after Russian shelling.
According to Ukrinform, the SSU reported this.
The investigation established that the managers of two contracting companies that performed construction and installation work at heat-generating facilities were involved in organizing the scheme.
Between 2023 and 2025, the companies won tenders and signed contracts for state orders to rebuild the Trypillia TPP, totaling over UAH 500 million.
According to the case file, the dealers artificially inflated the cost of services, building materials, and technical equipment during the repair of the power facility, and distributed the difference among all participants in the scheme.
“It turned out that contractors purchased working materials from controlled companies, where the cost was 30 percent higher than the market price. Thus, during 2023-2025, they transferred almost UAH 50 million to the accounts of affiliated companies and cashed it out,” the SSU said.
Specialized expert studies initiated by the SSU confirmed the damage to the state-owned enterprise in the amount stated above.
During the first stage of searches at the suspects' residences and offices, computer equipment, mobile phones, and draft documentation containing evidence of illegal transactions were seized.
In addition, over 19 million hryvnia in cash was found in the perpetrators' possession.
Currently, six individuals, including three organizers of the scheme, two heads of private companies, and their accomplice, have been notified of their status as suspects in connection with the crimes they committed under the following articles of the Criminal Code of Ukraine:
- Part 5 of Article 191 (appropriation, embezzlement, or acquisition of property through abuse of official position, committed on a vast scale by an organized group);
- Part 3 of Article 209 (legalization (laundering) of property obtained by criminal means).
The investigation is ongoing to bring all participants in the “scheme” to justice. The perpetrators face up to 12 years in prison, with property confiscation.
As reported by Ukrinform, the Security Service of Ukraine and the National Police detained the former acting director general of the State Reserves Management Agency of Ukraine, along with five accomplices in the Kyiv region, who are suspected of embezzling 36 million hryvnias from the budget.
First photo: Dmitri Tovstonog, wiki