The prosecution has uncovered a large-scale scheme of embezzlement of funds from PJSC NEC “Ukrenergo“, which operated during the years 2022-2024. The organiser was found to be the founder and actual controller of private electricity supply companies through which electricity was sold. He involved four market participants in the scheme, creating a network of controlled companies.
These companies supplied electricity to end consumers, deliberately underestimating consumption forecasts. On paper, they showed that less electricity was needed than was actually consumed. This led to a deficit, which the state automatically covered to avoid outages.
The scheme participants received full payment from consumers, but instead of settling with the state, funds were siphoned off through controlled companies and individual entrepreneurs. The debt to “Ukrenergo” was not settled; instead, it was accumulated, driving the company to bankruptcy. Losses exceeded 447 million hryvnias.
All participants in the scheme have been notified of suspicion under Part 5 of Article 191 of the Criminal Code of Ukraine, and the organiser is additionally charged under Part 3 of Article 27 of the Criminal Code of Ukraine. The issue of choosing preventive measures is being decided. Law enforcement is checking additional episodes and possible similar losses for the years 2025-2026. The investigation is ongoing.
Source: SpecprokuraturaZahidRegion