A former vice president of a Kyiv university is suspected of embezzling nearly 8.7 million hryvnias in electricity purchases
Law enforcement officials have charged the former first vice rector of a Kyiv-based higher education institution and the head of a private company with embezzling nearly 8.7 million hryvnias in public funds during the procurement of electricity.
According to the investigation, in 2022, they entered into additional agreements that unjustifiably inflated the cost of electricity. Prosecutors assert that there was no actual increase in market prices and that the rate hikes lacked economic justification.
As a result of these actions, the cost of the supplied electricity was unjustifiably inflated, and the private company received nearly 8.7 million hryvnias in budget funds.
To make the scheme appear legitimate, its participants, according to the investigation, organized the preparation and signing of contracts, supplementary agreements, letters, and acceptance-and-transfer acts. They also issued instructions regarding the transfer of funds to the company’s accounts.
During searches in Kyiv and the Kyiv region, law enforcement officers seized cell phones, computer equipment, and documents that may serve as evidence in the criminal proceedings.
The former first vice rector of the higher education institution and the head of a private company have been notified of their status as suspects in the misappropriation of another’s property through abuse of official position, committed by a group of individuals acting in prior conspiracy, on an especially large scale and under martial law (Part 5 of Article 191 of the Criminal Code of Ukraine).
The issue of imposing pretrial detention on the suspects is currently being decided.
This was reported by the Office of the Prosecutor General.
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