The court began selecting a preventive measure for former minister Galushchenko
17 February 13:17
On Tuesday, February 17, the High Anti-Corruption Court (HACC) began selecting a preventive measure for former Energy Minister Herman Halushchenko. Law enforcement officers detained him while attempting to cross the Ukrainian border on February 15. After his detention, the former minister was taken to Kyiv, where a preventive measure is currently being selected for him.
This was reported by "Komersant Ukrainian".
Former Energy Minister Herman Halushchenko is a suspect in the high-profile Midas case involving corruption in the energy sector. He is accused of large-scale money laundering, in particular through his children and ex-wife.
The SAP requested the arrest of the former official with an alternative bail of 425 million hryvnia. Halushchenko himself claims that such a bail amount is a “sentence” and that neither he nor his associates “have such an amount.”
“This is a sentence. I will sit in a pre-trial detention center for years because I cannot find and pay UAH 425 million in bail,” said former Energy Minister Galushchenko.
He added that he does not know anyone in his circle who could pay such a sum.
On February 16, former Ukrainian Energy Minister Herman Halushchenko was notified of his status as a suspect in the Midas case.
According to the investigation, in February 2021, on the island of Anguilla (a self-governing overseas territory of the United Kingdom), on the initiative of members of a criminal organization exposed by NABU and SAP in November 2025, a fund was registered that was supposed to attract about $100 million in “investments.”
The fund was headed by a long-time acquaintance of the members of the criminal organization, a citizen of the Seychelles and Saint Kitts and Nevis, who provided professional services for laundering proceeds obtained by criminal means. Among the fund’s “investors” was the family of the suspected former energy minister.
According to law enforcement officials, in order to conceal his involvement, two companies were created in the Marshall Islands, integrated into the structure of a trust registered in Saint Kitts and Nevis. The beneficiaries of the companies were the former wife and four children of the former high-ranking official.
These companies became “investors” in the fund (by purchasing its shares), and members of the criminal organization began to transfer funds to the fund’s accounts opened in three Swiss banks in the interests of the suspect.
As noted, materials obtained in Ukraine and through international cooperation with the competent authorities of a number of countries indicate that during the suspect’s tenure, through his confidant known as “Rocket,” the criminal organization received more than $112 million in cash from illegal activities in the energy sector.
According to the investigation, these funds were legalized through various financial instruments, including cryptocurrency and “investments” in a fund.
Law enforcement agencies have established that more than $7.4 million was transferred to the fund’s accounts, which were managed by the family of the former energy minister. Another $1.3 million Swiss francs and $2.4 million euros were issued in cash and transferred directly to the family in Switzerland.
In particular, part of these funds was spent on paying for the children’s education at prestigious institutions in Switzerland and deposited into the accounts of the former wife. The rest was placed on deposit, from which the family of the high-ranking official received additional income and spent it on their own needs.
The investigation is ongoing, and NABU is cooperating with 15 countries in investigating these facts.
