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Business

Top manager at ArcelorMittal alleged of helping company dodge $82 million in taxes

1 min read
Top manager at ArcelorMittal alleged of helping company dodge $82 million in taxes
(ukraine.arcelormittal.com)

On Nov. 17, the Security Service of Ukraine (SBU) charged an unnamed top manager at the ArcelorMittal Kryvyi Rih plant with manipulating the company’s documents to evade mining taxes from 2014 to 2019.

The company denied accusations, saying it paid all its taxes, and accused the SBU of “unfounded hostility.” According to the company, the SBU found no evidence after searching the suspect’s home.

The SBU stated that other company employees may have been involved in the alleged tax evasion scheme.

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Asami Terajima

Reporter

Asami Terajima is a reporter at the Kyiv Independent covering Ukrainian military issues, front-line developments, and politics. She is the co-author of the weekly War Notes newsletter. She previously worked as a business reporter for the Kyiv Post focusing on international trade, infrastructure, investment, and energy. Originally from Japan, Terajima moved to Ukraine during childhood and completed her bachelor’s degree in Business Administration in the U.S. She is the winner of the Thomson Reuters Foundation's Kurt Schork Award in International Journalism 2023 (Local Reporter category) and the George Weidenfeld Prize, awarded as part of Germany's Axel Springer Prize 2023. She was also featured in the Media Development Foundation’s “25 under 25: Young and Bold” 2023 list of emerging media makers in Ukraine.

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