Skip to content
Edit post

SBU uncovers mass fraud in weapons procurement

by Olena Goncharova January 28, 2024 4:46 AM 2 min read
Ukraine's Security Service discovered a corruption scheme related to the procurement of almost 100,000 mortar shells, amounting to nearly $40 million. (Security Service of Ukraine/Telegram) 
This audio is created with AI assistance

Ukraine's Security Service (SBU) announced on Jan. 27 the discovery of a corruption scheme related to the procurement of almost 100,000 mortar shells, amounting to nearly $40 million.

While Ukraine strives to attain European Union membership and sustain morale as the full-out war with Russia approaches its third year, the ongoing struggle to eliminate widespread corruption continues to be a significant challenge.

The SBU said the investigation had "exposed officials of the Ministry of Defense and managers of arms supplier Lviv Arsenal, who stole nearly Hr 1.5 billion in the purchase of shells."

The individuals implicated in the embezzlement include both former and current high-ranking officials from the Defense Ministry, as well as heads of associated companies.

A contract for shells was secured with Lviv Arsenal in August 2022, six months into the full-scale invasion, according to the SBU. The payment was made upfront, including the transfer of funds abroad. However, no arms were delivered, and a portion of the funds was subsequently moved to other foreign accounts.

According to the statement, "notices of suspicion" in the initial phase of Ukrainian legal proceedings have been issued to five individuals, encompassing both the ministry and the arms supplier. One suspect was reportedly detained while attempting to cross the Ukrainian border.

Washington Post: Russia aims to create new world order via alliance with China
Russia is attempting to deepen its economic and diplomatic ties with China and the Global South to allow it to challenge the international financial system dominated by the U.S. and to undermine the West, the Washington Post (WP) reported.

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

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
2:23 PM

NATO members say they are not considering sending troops to Ukraine.

NATO Secretary-General Jens Stoltenberg, as well as leaders of Germany, the U.K., and other European NATO member states, have reportedly said they are not considering deploying their troops to Ukraine after French President Emmanuel Macron suggested the possibility of Western military presence in the country.
12:56 PM

Ex-lawmaker Pashynskyi released on bail.

Former lawmaker Serhii Pashynskyi, suspected of illegally appropriating almost 100,000 metric tons of state-owned oil in 2014, was released from custody on bail, Pashynski said on social media on Feb. 27. The bail was set at Hr 272.5 million ($7.1 million).
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
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.