Pavlo Ovcharenko, former chairman of the board of Ukrtatnafta, has been placed on the international wanted list by Interpol. Law enforcement officers are also searching for his accomplices in the case of large-scale embezzlement of petroleum products worth over UAH 5.8 billion.
The investigation established that Ovcharenko is the organizer of an organized criminal group (OCG), which, abusing his official position, illegally transferred large volumes of petroleum products to several fictitious structures. These are the companies Good Oil, Wells House, Streams Capital, New Oil, Ragard, and Agrain Trading.
According to the investigation, the criminal group included top management of the aforementioned companies, who, together with Ovcharenko, carried out illegal transactions with Ukrtatnafta's property. As a result of these actions, the state suffered losses of billions of hryvnias.
The Ukrainian prosecutor's office and the National Anti-Corruption Bureau (NABU) are investigating the case. As part of the proceedings, criminal proceedings have been opened under several articles, including the article on the creation of an organized criminal group, abuse of official position, and embezzlement of property on an especially large scale.
According to law enforcement officials, Ovcharenko and his accomplices are trying to hide abroad. That is why Ukraine initiated their search through Interpol. The investigation is currently working on the return of assets and establishing all the circumstances of the transaction.
