This audio is created with AI assistance
The Economic Security Bureau said on Feb. 1 that it had exposed an alleged $1 billion embezzlement scheme at oil companies Ukrnafta and Ukrtatnafta, which were previously affiliated with oligarch Ihor Kolomoisky.
The bureau said the scheme was organized by the "previous management" of the companies. Kolomosiky used to control the management of the two companies.
Earlier on Feb. 1, the Security Service of Ukraine (SBU) and the Economic Security Bureau raided Kolomoisky’s house in the city of Dnipro.
Until 2022, about 42% of Ukrnafta belonged to companies associated with Kolomoisky, and the state owned the rest.
Ukrnafta is the country’s largest oil producer, while Ukrtatnafta is a refining company.
Investigators search Kolomoisky, Avakov, incumbent top officials in unprecedented raid
Three years of reporting, funded by our readers.
Millions read the Kyiv Independent, but only one in 10,000 readers makes a financial contribution. Thanks to our community we've been able to keep our reporting free and accessible to everyone. For our third birthday, we're looking for 1,000 new members to help fund our mission and to help us prepare for what 2025 might bring.
Three years. Millions of readers. All thanks to 12,000 supporters.
It’s thanks to readers like you that we can celebrate another birthday this November. We’re looking for another 1,000 members to help fund our mission, keep our journalism accessible for all, and prepare for whatever 2025 might bring. Consider gifting a membership today or help us spread the word.
(Updated: )
