A relative of Mindich will stand trial for embezzling more than 132 million hryvnia from Kharkivoblenergo
Eight members of an organized group led by Leonid, the cousin of Timur Mindich, a co-owner of “Kvartal 95” LLC, will stand trial. They are accused of large-scale embezzlement of funds from JSC “Kharkivoblenergo” during the procurement of transformers and meters at inflated prices.
Between 2021 and 2022, the participants in the scheme planned to embezzle more than 132 million hryvnias from the company. The organizer of the scheme enlisted the head of JSC “Kharkivoblenergo,” the heads of its structural units, an employee of the Kharkiv Chamber of Commerce and Industry, and a private appraiser to carry out the plan.
Contracts were signed with controlled companies at prices several times higher than market value, and the embezzled funds were laundered through a network of shell companies, converted into cash, and divided among the participants. Due to the imposition of martial law and the investigative actions of detectives, the plan was only partially carried out.
Law enforcement officials served the first seven notices of suspicion in this case in August 2024.
This was reported by NABU.
The organizer of the scheme, Leonadi Mindich—a relative of Timur Mindich, a co-owner of “Kvartal 95” LLC—was detained while attempting to leave Ukraine and was notified of the charges against him in June 2025. He was charged with organizing the embezzlement of over 12.5 million hryvnias and attempting to embezzle an additional 120 million hryvnias from JSC “Kharkivoblenergo” during the procurement of transformer equipment and electrical measuring instruments.
