Uncover what's happening in the territories under Russian occupation
WATCH NOW
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.

News Feed

2:18 AM  (Updated: )

Moldova's Sandu advances to presidential run-off, winning after 'unfair fight.'

"The people of Moldova have spoken: our EU future will now be anchored in the constitution," Sandu said on X. "We fought fairly in an unfair fight—and we won. But the fight isn’t over. We will keep pushing for peace, prosperity, and the freedom to build our own future."
10:35 AM  (Updated: )

Update: Russian attacks against Ukraine kill 5, injure 38 over past day.

Ukrainian air defenses shot down 59 of the 116 Shahed-type attack drones launched by Russia overnight, the Air Force said. Forty-five drones were reportedly "lost" on Ukrainian territory, and 10 more are still present in the Ukrainain airspace at the time of the publication.
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.