Ex-deputy of Ukrinmash put on the wanted list: what “scheme” did he set up and how did it work
20 October 16:40
On October 20, 2025, the Appeals Chamber of the High Anti-Corruption Court (HACC) decided to put the former deputy director general of the Ukrinmash subsidiary, Konstantin Cherednichenko, on the international wanted list. He is accused of embezzling almost UAH 3.5 million from two state-owned defense enterprises, "Komersant Ukrainian" reports, citing the Telegram channel of the Specialized Anti-Corruption Prosecutor’s Office (SAP).
The court upheld the position of the SAPO prosecutor and granted his motion to transfer the pledge in the amount of UAH 3 million 404 thousand to the state. In addition, the HACCU determined a preventive measure in the form of detention. It will be applied after the suspect is detained and arrives at the place of pre-trial investigation.
What is known about the case
According to the pre-trial investigation conducted by the NABU detectives under the supervision of the SAPO prosecutors, in 2014-2016, Ukrinmash officials, together with representatives of a foreign company, organized a scheme for illegal transfer of funds. To do this, they entered into fictitious agreements for the support of foreign economic contracts, drew up false acts of work performed and transferred money for allegedly rendered services.
According to the NABU, it was Kostiantyn Cherednichenko who set up the scheme of embezzlement of public funds, involving several Ukrinmash officials and his godfather Mykhailo Buyankov, the head of the offshore company Triangle Group Incorporated.
It is worth noting that the Latvian company register contains an entry for SIA Triangle Group (registration number 40103880092, date of foundation 16.03.2015) with a legal address of Saulkrastu nov., Saulkrasti, Alfrēda Kalniņa iela 1A-13, LV-2160.
According to the register, the company’s capital is EUR 2,800, and the company is registered as an LLC (SIA – Latvian form).
This structure was supposed to officially assist Ukrinmash in finding foreign counterparties to export the products of the Shostka Impulse plant. However, according to the investigation, the company did not actually perform any work, but received payments under forged certificates of services rendered.
As a result, an amount equivalent to several million hryvnias was illegally transferred to offshore accounts in Latvia.
What was the court’s decision in the Ukrinmash case?
on November 18, 2024, the HACC announced a guilty verdict in the case, which is currently being considered by the Appeals Chamber. The sentence was imposed on 6 former and current officials of the company.
The court acquitted former Ukrinmash CEO Serhiy Slyusarenko of charges of forgery and embezzlement, but found him guilty of negligence. He was sentenced to 2 years in prison, but was released from punishment due to the expiration of the statute of limitations.
The former deputy director general of Ukrinmash, Konstantin Cherednichenko, who is believed to be the organizer of the scheme, was sentenced to 8 years in prison with confiscation of 2/3 of his property and a 3-year ban on holding office. But the defendant escaped when the judges went to the deliberation room.
Another former Ukrinmash director, Volodymyr Omelyanchuk, was sentenced to 7.5 years in prison with a ban on holding office for 3 years and confiscation of 1/2 of his property.
Oleksandr Ditkivsky, former director of the Ukrinmash department, was sentenced to 7 years in prison with confiscation of 1/3 of his property and a ban on holding office for 3 years.
The former heads of Ukrinmash departments , Dmytro Lobashov and Ihor Yarynovskyi, were sentenced to 7 years in prison and banned from holding office for 2 years. They also had 1/4 of their property confiscated.
Mikhail Buyankov was also found guilty and sentenced to 8 years in prison and banned from holding certain positions for 3 years. He also had 2/3 of his property confiscated.
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