Skip to content
Edit post

NABU charges ex-head of Naftogaz Kobolyev with misappropriation over gargantuan bonus

by The Kyiv Independent news desk January 19, 2023 11:52 AM 1 min read
Andriy Kobolyev, former head of Naftogaz.
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

The National Anti-Corruption Bureau (NABU) charged Andriy Kobolyev, former head of the state-owned oil and gas monopolist Naftogaz, with misappropriation of funds, the NABU said on Jan. 19.

According to NABU, Kobolyev violated the law when he paid himself a bonus of Hr 229 million in 2018, which equaled close to $10 million. It exceeded the maximum bonus size, set at Hr 37 million, NABU said.

The bonus was paid for "extraordinary achievements" – as a reward for the company’s $5 billion legal victory over Gazprom in 2018. Gazprom and Naftogaz reached a settlement and dropped mutual claims involving a 2009 gas supply contract. Gazprom was to pay Naftogaz $5 billion. Naftogaz' supervisory board assigned 1% of the settlement to be paid as bonuses to 40 Naftogaz employees.

If found guilty, Kobolyev can face from seven to 12 years in prison.

It's not the only investigation against Kobolyev. In February 2022, the State Investigation Bureau searched Kobolyev's house as part of a case set to investigate the legality of an agreement signed by Kobolyev in 2020 to transfer 305 million cubic meters of gas from state ownership to private companies.

Kobolyev served as the head of Naftogaz from March 2014 to April 2021.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

9:44 PM

IMF: Ukraine needs $42 billion in budget support for 2024.

Speaking in Washington, IMF Managing Director Kristalina Georgieva said she was "confident" this would be achieved but added that fully addressing the country’s economic problems would require ending Russia's full-scale invasion.
9:35 PM

US House Democrats back Johnson's foreign aid bills.

"We're going to do what's necessary to make sure the national security bill gets over the finish line," House Democratic leader Hakeem Jeffries said. "It's not Johnson's foreign aid package. It's America's foreign aid package in terms of meeting our national security needs."
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
3:55 PM

Borrell calls on EU states to send anti-missile systems to Ukraine.

"We have Patriots, we have anti-missile systems. We have to take them (out) from our barracks where they are just in case and send them to Ukraine where the war is raging," Josep Borrell told reporters after a Group of Seven (G7) foreign ministers meeting on the island of Capri.
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
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.