Stand behind Ukrainian independent journalism when it’s needed most. Help us reach 20,000 members.

Skip to content
Edit post

Businessmen charged with trying to steal funds for military aircraft parts

by Martin Fornusek December 8, 2023 11:31 AM 1 min read
The SBU charged the director of a state-owned firm and three others with trying to embezzle funds for military aircraft parts. Photo published on Dec. 8, 2023. (SBU)
This audio is created with AI assistance

A former director of a state-owned defense company and three others were charged over a scheme to embezzle Hr 3.9 million ($106,500) in funds for Su-27 aircraft parts, the Security Service of Ukraine (SBU) reported on Dec. 8.

Recent months saw upheavals in the leadership of Ukraine's defense sector, intended to stamp out corruption following several military procurement scandals.

According to the investigation, the ex-director signed a contract with the head of a supplier firm, who is also a suspect, to purchase power amplification modules for aircraft radars.

The supplier provided faulty components, but the head of the state company accepted them anyway and paid the first half of the promised sum, the SBU said.

The suspects were allegedly planning to secretly transfer the funds through controlled companies and distribute them among themselves.

Law enforcement agencies exposed the scheme and managed to prevent the participants from stealing the entire sum of $106,500, the SBU reported.

The suspects face up to 12 years in prison.

Independent journalism needs a community —
not a paywall.

We’re working hard to show the world the truth of Russia’s brutal war — and we’re keeping it free for everyone, because reliable information should be available to all.

Our goal: reach 20,000 members to prove independent journalism can survive without paywalls, billionaires, or compromise. Will you help us do it?

Can we reach 20,000 members?

News Feed

10:13 AM  (Updated: )

Russian drone strike on civilian bus in Sumy kills 9, injures 7.

Russia launched a drone strike on Sumy Oblast in the early morning of May 17, killing nine people and injuring four more. The drone targeted a shuttle bus that was transporting civilians near the city of Bilopillia at 6:17 a.m. local time.
6:20 AM

Russian economic growth slowing down, Rosstat reports.

Russia's economy is experiencing a sharp slowdown in growth, according to a report released by the governmental statistics agency Rosstat on May 16. GDP only grew by 1.4% in the first quarter of 2025 – a notable decline from 4.5% growth in the previous quarter and 5.4% in the same period last year.
6:57 PM

With Ukraine’s Peaky Blinders chasing Russian soldiers near Pokrovsk.

The Kyiv Independent's Francis Farrell and Olena Zashko spent a day with one of Ukraine's most effective drone units, "Peaky Blinders." As Russian forces continue to push across the front line, Peaky Blinders are tasked with stopping Russian assaults near the embattled city of Pokrovsk, Donetsk Oblast.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.