Kyiv detains ex-top tax officer for large-scale “conversion scheme” worth UAH 1.5 billion
5 September 2025 11:40
The Security Service of Ukraine jointly with the Prosecutor’s Office dismantled a large-scale money laundering scheme in different regions of the country. According to the investigation, during 2023-2025, the offenders laundered more than UAH 1.5 billion, a significant portion of which was stolen from the state budget. This was reported by "Komersant Ukrainian" with reference to the SBU.
The organizer and the scheme
The detainee is the former deputy head of the State Fiscal Service of Ukraine, who organized the activities of a “conversion center” under the guise of a lawyer.
He involved four other accomplices in the illegal activity: two accountants and the head of an affiliated company that was engaged in cashing out illegal income.
Clients and methods
Among the clients of the “conversion center” were representatives of commercial companies that performed contracts for budgetary institutions and tried to misappropriate public funds.
To conceal the traces of financial transactions, the dealers created dozens of controlled companies, most of which existed only on paper.
The office in Kyiv served as a center for planning and implementing criminal schemes: they met with clients and stored documents there.
Results of the searches
During the searches, the SBU found
- cash obtained by criminal means
- seals of fictitious companies
- bank cards
- computer equipment and financial documents confirming the activities of the “conversion center”.
Status of the defendants
All five suspects have been detained. They are to be served a notice of suspicion under Art:
- ч. 3 of Art. 212 of the Criminal Code of Ukraine – tax evasion;
- ч. 3 of Art. 209 of the Criminal Code of Ukraine – legalization (laundering) of the proceeds of crime.
The offenders face up to 12 years in prison with confiscation of property.
Law enforcement cooperation
The operation was conducted by the SBU Main Directorate in Kyiv and Kyiv region with the assistance of the State Tax Service, the State Financial Monitoring Service of Ukraine and under the supervision of the Pechersk District Prosecutor’s Office in Kyiv.
