SBU: Kolomoisky's purported business partner exposed in Ukrtatnafta embezzlement scandal.

Ukraine's Security Service (SBU) reported[1] on June 2 that it had exposed Mykhailo Kiperman, reportedly one of oligarch Ihor Kolomoisky's business partners, for embezzling nearly Hr 600 million (£16 million) from the oil refining company Ukrtatnafta. According to materials gathered by the SBU, the Prosecutor General's Office, and the Economic Security Bureau, nearly Hr 600 million were taken from Ukrtatnafta's accounts on the first day of the full-scale Russian invasion. Kiperman, a former member of Ukrtatnafta's supervisory board, allegedly initiated the withdrawal of the funds.

The Hr 600 million was transferred on Feb.

24 to the accounts of a European-based company allegedly controlled by Kiperman, the SBU wrote. The funds were originally intended as payment to a supplier for 84,000 tons of previously-chartered crude oil. Rather than send the Hr 600 million to the crude oil supplier, "the former top management of UkrTatNafta created a 'clone contract' in which they changed the recipient's payment details," the SBU wrote.

The Economic Security Bureau previously reported[2] on Feb.

1 that it had previously uncovered a £1 billion embezzlement scheme at oil companies Ukrnafta and Ukrtatnafta that was organized by the "previous management" of the companies. The SBU and the Economic Security Bureau raided[3] Kolomoisky's house in Dnipro the same day. Both Ukrnafta, Ukraine's largest oil producer, and Ukrtatnafta were previously linked to Kolomoisky.

Defense Ministry uses martial law to seize oligarchs' assets

The Ukrainian government's clampdown on strategic companies owned by oligarchs was swift and unexpected. Invoking special provisions under martial law, the Defense Ministry seized five companies associated with controversial businessmen Ihor Kolomoisky, Kostyantyn Zhevago, Konstantin Grigorishin, a...

[4] Kate Tsurkan

News editor

Kate Tsurkan is a news editor at the Kyiv Independent. She is a writer, editor, and translator.

Her work has been published in The New Yorker, Vanity Fair, Harpers, The Washington Post, and elsewhere. She is the co-founder of Apofenie Magazine. Originally from the U.S., she resides in Chernivtsi, a city in the west of Ukraine.

References

  1. ^ reported (t.me)
  2. ^ eported (kyivindependent.com)
  3. ^ raided (kyivindependent.com)
  4. ^ Defense Ministry uses martial law to seize oligarchs' assetsThe Ukrainian government's clampdown on strategic companies owned by oligarchs was swift and unexpected.

    Invoking special provisions under martial law, the Defense Ministry seized five companies associated with controversial businessmen Ihor Kolomoisky, Kostyantyn Zhevago, Konstantin Grigorishin, a... (kyivindependent.com)

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