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Exclusive: Inside the years-long scheme to turn a nationalized bank into Zelensky allies’ 'piggy bank'

Documents obtained by the Kyiv Independent show that a scheme at the center of Ukraine’s latest corruption scandal was years in the making, built by manipulating a state-owned bank’s oversight board after its nationalization in 2023. On Aug. 19, Ukraine's anti-corruption authorities accused associates of President Volodymyr Zelensky of using Sense Bank, formerly Russian-owned Alfa Bank, to launder Hr 150 million ($3.4 million). The National Anti-Corruption Bureau (NABU) says the funds were used

About Crime

Ukraine has a number of law enforcement agencies that investigate criminal activity ranging from corruption and financial fraud to organized crime, as well as war crimes committed by Russia. The National Police, Security Service of Ukraine, and State Bureau of Investigation handle cases across multiple jurisdictions, with specialized units addressing wartime offenses, including collaboration with Russian occupying forces.

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