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The state audit service of Ukraine concluded that 468.7 million hryvnias ($17.6 million) earmarked for the contest was illegally spent or embezzled, the agency announced in a statement on its website, Billboard reported.

Among the examples of financial machinations related to the organization of the contest, the audit service mentioned a situation in which a company won a tender for supplying 1.2 million hryvnias (~$45,000) worth of metal detectors and subsequently rented the equipment to the National Public Broadcasting Company of Ukraine (UA:PBC), the contest's organizer on the Ukrainian side, for 2.7 million hryvnias (~$100,000).

Read alsoEBU calls on Ukraine to ensure proper funding for UA:PBC public broadcasterAccording to the Ukrainian audit service, a large number of contracts related to the organization of the contest were struck with foreign companies, and it is impossible to track the cash spent under those contracts.

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"The findings of the audit have been sent to law enforcement agencies, which should look into activities of some senior officials of UA:PBC, who were responsible for the organization and running of Eurovision 2017," the audit service said in the statement.