Financial irregularities worth UAH 120 million found at the railway carrier
16 December 2024 13:37
The State Audit Service of Ukraine has found financial irregularities worth more than UAH 120 million in the activities of Kyiv-Dnipro Interbranch Enterprise of Industrial Railway Transport, the second largest freight rail carrier in Ukraine after Ukrzaliznytsia.
The audit found that the company had lost about UAH 20 million due to unjustified discounts to private companies for transportation services using state property.
The company overpaid almost UAH 40 million in land tax due to the lack of registration of land plots. In addition, 169 land plots with a total area of 225 hectares still do not have title documents, which creates risks of losing them due to possible illegal alienation or raiding.
Follow us on Telegram: the main news in brief
The auditors also found
- non-use of freight cars for six years, which led to a loss of UAH 5 million in revenue
- overestimation of the cost and failure to perform repairs by contractors in the amount of almost UAH 8 million;
- additional expenses for fines and court fees of UAH 13 million due to unfavorable contracts.
The audit materials were submitted to law enforcement agencies for further investigation.
Kyiv-Dniprovsky MPPZT
Kyiv-Dniprovsky Interbranch Enterprise of Industrial Railway Transport PJSC provides a wide range of services in the field of cargo transportation. These include transportation from railway stations to loading or unloading points, shunting operations, and loading and unloading operations. The company is also engaged in the construction and modernization of railway infrastructure.
The company ranks second in the industrial cargo transportation segment after Ukrzaliznytsia.
Follow us on Telegram: main news in a nutshell
