Detectives of the National Anti-Corruption Bureau of Ukraine (NABU), under the leadership of the Specialized Anti-Corruption Prosecutor’s Office (SAPO), have approved a notice of suspicion to the director of Borzhava Resort Ltd, the seventh possible participant in a scheme to embezzle public funds envisaged for the implementation of national projects, the NABU’s press service reported on March 27.
According to the report, he was notified of suspicion under Part 5, Article 139 of the Criminal Code of Ukraine (misappropriation, embezzlement of property or taking possession of it by abuse of office).
According to investigators, in 2012-2014, the suspect in collusion with officials of the State Agency for Investment and National Projects of Ukraine and the State Investment Company took possession of Hr 165 million in budget funds allocated for the implementation of the national project “Olympic Hope 2022 – the creation of sports and tourist infrastructure.”
“The pretrial investigation established that instead of using the specified amount of funds for the implementation of the national project, it was transferred to the accounts of controlled non-resident enterprises registered in the Republic of Cyprus,” the NABU said.
NABU detectives have conducted a pretrial investigation into the above facts since July 2016.
The NABU recalled that on December 12, 2017, NABU detectives detained four people who might be involved in a corruption scheme to steal Hr 259.2 million from the State Agency for Investment and National Projects of Ukraine and the State Investment Company, in particular, the ex-deputy head of the agency, who was also an advisor to the director of the State Investment Company, a former employee of the agency, a former director of the State Investment Company, and the director of a number of private enterprises with signs of fictitiousness.
