ARMA detectives reported the discovery of a large-scale scheme of embezzlement of budget funds allocated for road repair. Damages caused to the state are estimated at 1.4 billion hryvnias. According to the investigation, officials and owners of private companies organized a multi-level scheme that has been active since May 2020.
Information about the embezzled funds was the result of a request by law enforcement agencies, after which the Asset Discovery and Tracing Department of ARMA, using database access, found assets belonging to companies involved in this scheme.
During the investigation, 1.4 billion hryvnias were found in the accounts of contractors, as well as 115 units of special equipment, 80 vehicles, shares in the authorized capital of enterprises in the amount of 788 thousand. UAH, as well as real estate objects and land plots.
"Information about the discovered assets has already been transferred to the law enforcement agency. At the same time, I would like to note that ARMA is ready to ensure income to the budget due to effective management of these assets in the event of their seizure and transfer to the National Agency," said ARMA Deputy Chairman Pavlo Velikorechanin .
