The SSU and the National Police have uncovered a scheme involving the embezzlement of over 447 million hryvnias from Ukrenergo
The Security Service of Ukraine and the National Police have uncovered a large-scale scheme to embezzle funds from PJSC “NPC “Ukrenergo”. The operation was carried out under the procedural supervision of the Office of the Prosecutor General.
According to the investigation, between 2022 and 2025, the actions of those involved caused losses to the state amounting to over 447 million hryvnias.
Six individuals were involved in the scheme, acting as part of an organised group. Among them were the heads of companies from Kyiv and Kharkiv that supply electricity to industrial consumers.
The investigation established that the participants in the scheme deliberately underestimated the projected electricity consumption volumes for their customers. As a result, a significant negative imbalance was created vis-à-vis PJSC ‘NPC ‘Ukrenergo’.
In fact, electricity was supplied to consumers, but no payment was made to the transmission system operator.
Funds received from customers for the full volume of electricity consumed were transferred to the accounts of controlled companies, after which they were embezzled and laundered.
Once debts to ‘Ukrenergo’ had accumulated, such companies ceased their activities in the electricity trading sector. The customer base was transferred to other controlled entities, after which the scheme was repeated.
Between 2022 and 2024, at least three companies were used to carry out the scheme, each of which entered the market at different times.
Law enforcement officers carried out 26 searches in Kyiv, Kyiv, Kharkiv and Dnipropetrovsk regions. During the investigations, smartphones, computer equipment, seals, documentation and draft records were seized.
Six members of the group were served with notices of suspicion under Parts 3 and 5 of Article 27 and Part 5 of Article 191 of the Criminal Code of Ukraine.
The suspects face a sentence of imprisonment for a term of seven to twelve years, with confiscation of property and restrictions on the right to hold certain positions.
The investigation is ongoing. Law enforcement officers are identifying other individuals involved and examining possible additional incidents, particularly those from 2025–2026.
