Ukraine's prosecutors explain why they conduct new raid at state gas producer Ukrgazvydobuvannia

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16:53, 16.01.2018

0 min. 187

The Prosecutor General's Office (PGO) of Ukraine says that new raids on Ukraine's largest state-run gas producer, PJSC Ukrgazvydobuvannia, have been conducted as part of criminal proceedings opened in May 2017 under Part 5 of Article 191 (misappropriation, embezzlement or possession of property by abuse of office).

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PGO spokesman Andriy Lysenko wrote on Facebook on January 16 that under investigation is the purchase by Ukrgazvydobuvannia of spare parts for pumps from Ukraina-2000 Ltd. in October 2016 to the tune of over UAH 51 million (US$1.8 million), which exceeds their market value by 3-20 times.

Read alsoUkrgazvydobuvannia plans to resume gas exploration in western UkraineIt was established during a pre-trial investigation that Ukrgazvydobuvannia's top managers had purchased equipment at inflated prices for earning money. The pre-trial investigation is under way.

As UNIAN reported earlier, the raids on Ukrgazvydobuvannia took place on the morning of January 16.

raid Ukrgazvydobuvannia embezzlement

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