The Chief Investigation Department of the Interior Ministry is investigating the embezzlement of state funds in the form of credits issued to Borzhava Resort LLC and Borisfen LLC which are affiliated with the top managers of the State Agency of Investment National Project Management, the press service of the Interior Ministry has reported.

"At present, the fact of embezzling state funds issued as credits to Borzhava Resort LLC (UAH 165 million) and Borisfen LLC (UAH 94.2 million) is being investigated. The credit recipients were directly or indirectly related to the top managers of the State Agency of Investment National Project Management, including Vladyslav Kaskiv," reads the report.

Interior Minister Arsen Avakov said that from 2012 to 2013 officials of the State Agency of Investment National Project Management, in collusion with officials of state enterprise State Investment Company, Borzhava Resort LLC, Bionik Development LLC and state enterprise LNG Terminal, Borisfen LLC, state enterprise Directorate for Construction and Management of Air Express Project, state enterprise Green Energo, state enterprise Open World National Project and other companies, embezzled around UAH 2 billion allocated from the national budget and invested by China to realize national projects in Ukraine.