State enterprise Energoatom has not yet been recognized as an injured party in the criminal proceedings regarding the Midas corruption scheme. The volume of funds funneled through the suspects' financial infrastructure exceeds $100 million. This is reported by Economichna Pravda, the portal PromPolitInform reports.
State company Energoatom has not yet received the status of an injured party in the criminal proceedings concerning a large-scale corruption scheme known as the Midas case. The volume of funds funneled through the financial system controlled by the suspects exceeds $100 million.
Semen Kryvonos, Director of the National Anti-Corruption Bureau of Ukraine, announced the absence of procedural injured party status for the nuclear generation operator. Anti-corruption authorities did not clarify the reasons for the lack of this status nor did they disclose whether the company had submitted a corresponding application.
Investigation notes progress in the case
NABU representatives emphasized that the $100 million sum mentioned in the case materials as laundered funds should not be compared with Energoatom’s financial profits, as these metrics are not directly linked.
The pre-trial investigation into the case is currently ongoing. Law enforcement officers noted significant progress in collecting evidence and plan to complete procedural actions within the deadlines established by law.
Mechanism of the corruption scheme
According to the investigation, a criminal organization led by businessman Timur Mindich arranged a system of regular kickbacks from Energoatom contractors. The amount of illicit benefit ranged from 10% to 15% of the total value of signed contracts.
The payment of funds ensured unhindered settlements for completed work for suppliers and guaranteed the retention of their official contractor status with the state enterprise. NABU described this extortion mechanism as the “tollgate” scheme.
Photo: Economichna Pravda
