The Security Service, the National Police, and the Prosecutor’s Office have uncovered another scheme to embezzle funds intended for the restoration of Ukraine’s energy infrastructure from a state-owned enterprise. The perpetrators embezzled over UAH 50 mln (USD 1.2 mln) allocated for repair work at the Trypillia Thermal Power Plant after the russian strikes.

The investigation established that the heads of two contracting companies that carried out construction and installation work at heat-generating facilities organised the illegal mechanism.

Between 2023 and 2025, the companies won tenders and signed contracts for state orders to rebuild the Trypillia TPP for a total amount of over UAH 500 mln.

The company officials artificially inflated the costs of services, building materials, and technical equipment during the facility’s repair, and distributed the ‘difference’ among all those involved in the scheme.

It turned out that the contractors purchased working materials from controlled companies, where the cost was 30 per cent higher than the market price.

During 2023-2025, they transferred almost UAH 50 million to the accounts of affiliated companies and cashed the money out.

Specialized expert examinations initiated by the Security Service confirmed the damage to the state-owned enterprise in the above-mentioned amount.

During the first stage of searches at the suspects’ homes and offices, computer equipment, mobile phones, and draft documentation with evidence of illegal transactions were seized.

More than UAH 19 million in cash was found in the suspects’ possession.

Six suspects, including three organisers of the scheme, two heads of private companies, and their accomplice, have been notified of suspicion under the following Articles of the CCU:

• 191.5 (appropriation, embezzlement, or acquisition of property through abuse of official position, committed on a particularly large scale by an organised group);
• 209.3 (laundering of property obtained by criminal means).

The investigation is ongoing. The individuals involved face up to 12 years in prison with confiscation of property.

The operation was carried out under the procedural supervision of Kyiv Region Prosecutor’s Office.