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Anti-Corruption Bureau investigating UMCC officials suspected of causing losses of UAH 100 million

Anti-Corruption Bureau investigating UMCC officials suspected of causing losses of UAH 100 millionAt the request of Minister of Economic Development and Trade Aivaras Abromavicius, the National Anti-Corruption Bureau launched a pre-trial investigation against officials of the United Mining and Chemical Company (UMCC) on January 14 on suspicion of abusing their positions by selling products at understated prices during the period of January-September 2015, resulting in losses of UAH 100 million.

The Solomianskyi District Court of Kyiv announced this in a February 16 statement published in the Unified State Register of Court Decisions.

"Products worth a total of UAH 688 million were delivered under concluded international contracts. The price of the products was less than the market price by 15-55%. This demonstrates that officials of the UMCC abused their official positions during January-September 2015 in order to grant undue advantage to a third party - the company Bollwerk Finanzierungs- und Industriemanagement AG - which had serious consequences for the state's interests," the court document states.

According to Abromavicius, the state-owned United Mining and Chemical Company and Bollwerk Finanzierungs- und Industriemanagement AG signed nine contracts for supply of products manufactured by the state company during the period of January-September 2015.

As Ukrainian News earlier reported, Abromavicius said on February 3 that he had decided to resign.

Source: Ukrainian News
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