Law enforcement officials have discovered and halted a large-scale scheme for embezzling funds from the municipal enterprise ‘Kyivvodokanal’, resulting in losses exceeding three million hryvnias.
This is reported by Kyiv24
Fraud in the procurement of water treatment chemicals
According to the investigation, the criminal group was organized by the founder of a company specializing in the supply of chemicals for drinking water purification. He involved the director of the company he controlled, as well as drivers and other employees, in executing the fraudulent scheme.
Instead of the high-quality imported products that the company was supposed to supply, domestic chemicals, which were significantly cheaper, were actually delivered to ‘Kyivvodokanal’. To legitimize the substitution, the group members produced fake documents regarding the origin of the goods. The forged papers indicated Hungary as the country of manufacture, allowing them to sell the products at inflated prices.
Suspicions against the organizers and executors
Thanks to the forged documents and collusion among the participants, the enterprise’s budget suffered multi-million losses. Investigators have already notified the organizer of the criminal scheme and three other group members of their suspicion.
“To legitimize the substitution, they forged documents regarding the origin of the goods: the fake papers stated that Hungary was the country of manufacture. This allowed the chemicals to be supplied at prices significantly higher than the actual cost of Ukrainian products.”
The investigation is ongoing, aiming to hold all those involved accountable and recover the incurred losses.