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Ukrainian anti-corruption agency charges Kolomoisky associate in $65 million oil theft

The National Anti-Corruption Bureau has indicted a close partner of Ihor Kolomoisky for allegedly siphoning oil products worth about $65 million from state-run Ukrnafta.

The National Anti-Corruption Bureau announced charges against several individuals tied to oligarch Ihor Kolomoisky for an embezzlement scheme valued at roughly Hr 2.88 billion ($65 million) at Ukrnafta. The source identifies Mykhailo Kiperman, a Privat Group co-owner, as the presumed mastermind, with Yevhen Krychevskyi, Feliks Lunyov, Bohdan Baradnyi and Andriy Pinchuk named as co-accused. Prosecutors allege the group stole about 100,000 tonnes of oil products and laundered the cash.

Ukrnafta, once co-owned by Privat Group and Naftogaz, saw Kolomoisky’s share seized under martial law in 2022. Kolomoisky is currently on trial for a separate $250 million PrivatBank fraud case.

Why it matters

The case highlights ongoing corruption probes into Ukraine's energy sector and the reach of Kolomoisky’s business empire.

In this story

oil theftembezzlementanti-corruption bureauKolomoiskyUkrnaftaPrivat Groupnationalisationmartial lawmoney laundering
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