The Security Service of Ukraine, together with the prosecutor’s office, has uncovered a large-scale scheme for legalizing criminal profits in several regions of the country.
This is reported by Kyiv24
Uncovering an Organized Criminal Group
According to the investigation, between 2023 and 2025, the perpetrators “laundered” over 1.5 billion hryvnias, most of which was illegally appropriated from the state budget. The organizer of the scheme turned out to be the former deputy head of the State Fiscal Service of Ukraine. Posing as a lawyer, he created a so-called “conversion center,” to which he recruited four accomplices. Among them were two accountants and the head of an affiliated company that dealt with the legalization and conversion of criminal profits into cash.
The Mechanism and Scale of Financial Fraud
The clients of the criminal group were representatives of commercial structures that performed contract work and provided services for budgetary institutions, seeking to illegally obtain state funds. To mask the shadow financial operations, the perpetrators created dozens of controlled firms, most of which existed only “on paper.” The criminals’ office was rented in Kyiv, where they met with clients and stored financial documentation confirming their illegal activities.
“During searches at the organizer of the scheme and his accomplices, cash obtained through criminal means was found, as well as seals of controlled firms showing signs of fictitiousness, bank cards, computer equipment, and financial and economic documents containing evidence of the ‘scheme’.”
All five suspects were arrested. They are expected to be charged soon with involvement in organizing the illegal scheme for legalizing funds.