Ukraine’s ex-energy minister Halushchenko charged in “Midas” case
This was reported on Telegram by the Specialized Anti-Corruption Prosecutor’s Office (SAPO), according to Ukrinform.
“Under the procedural guidance of a SAPO prosecutor, NABU detectives have issued a new suspicion in the ‘Midas’ case. It concerns the former Minister of Energy of Ukraine (2021–2025). He is accused of money laundering and participation in a criminal organization,” the statement said.
Halushchenko was charged under Part 2 of Article 255 and Part 3 of Article 209 of the Criminal Code of Ukraine.
According to the investigation, in February 2021, on the island of Anguilla (a self-governing British overseas territory), a fund was registered at the initiative of members of a criminal organization exposed by the NABU and SAPO in November 2025. The fund was intended to raise approximately $100 million in “investments.”
“The fund was headed by a long-time acquaintance of the criminal group, a citizen of the Seychelles and Saint Kitts and Nevis, who professionally provided money-laundering services for proceeds of crime.” The suspect’s family was listed among the fund’s “investors,” the SAPO added.
To conceal Halushchenko’s involvement, two companies were created in the Marshall Islands, integrated into a trust registered in Saint Kitts and Nevis. The companies’ beneficiaries were listed as the former spouse and four children of the official. These companies then “invested” in the fund by purchasing its shares, and members of the criminal organization transferred funds to the fund’s accounts in three Swiss banks on behalf of the suspect.
Evidence obtained in Ukraine, as well as through international cooperation with authorities in several countries, indicates that during Halushchenko’s tenure, through a trusted associate known as “Rocket,” the criminal organization received over $112 million in cash from illegal activities in the energy sector.
According to the SAPO, these funds were laundered through various financial instruments, including cryptocurrency and “investments” in the fund.
It has been established that over $7.4 million was transferred to the fund’s accounts managed by the suspect’s family. More than 1.3 million Swiss francs and 2.4 million euros were handed over in cash or transferred directly to the family in Switzerland.
Some of these funds were used to pay for the children’s education at prestigious Swiss institutions and deposited in the former spouse’s accounts. The remainder was placed in deposits, generating additional income for the family and covering personal expenses.
The agency noted that the investigation is ongoing. The NABU is cooperating with authorities in 15 countries in connection with these facts.
Earlier, Ukrinform reported that on February 15, the NABU detained the former minister at the border.
On November 10, the NABU announced a special operation exposing corruption in the energy sector. The investigation found that the criminal organization had established a large-scale scheme to influence strategic state-owned enterprises, including Energoatom.
A law enforcement source confirmed that the NABU conducted searches at the offices of businessman and co-owner of the Kvartal 95 studio, Tymur Mindich, as well as at Minister of Justice German Halushchenko, who previously served as Minister of Energy.
The Ministry of Justice later confirmed that investigative actions involving Halushchenko were carried out within the framework of the criminal proceedings.
The NABU stated that five of seven suspects have been detained. Among them are a businessman considered the leader of the criminal organization, a former energy ministry adviser, and the executive director for physical protection and security at Energoatom.
