10:16 18.08.2017

Largest corruption in energy sector among all economic sectors

Largest corruption in energy sector among all economic sectors

Corruption in the energy sector is the largest among all economic sectors, the National Anti-Corruption Bureau of Ukraine (NABU) has said.

"Eighteen months of NABU's investigation showed that corruption in the energy sector is the largest among all economic sectors both due to the uniqueness of enterprises and due to the large number of persons implicated in the corruption scams and the amount of losses. According to tentative estimates, the total loss from crimes linked to operations of enterprises in the energy sector is UAH 11.18 billion," the press service of the NABU said.

The law enforcers took the investigation into embezzlement of oil at public joint-stock company Ukrnafta for over UAH 7 billion as an example.

"The essence of the corruption scam used at the enterprise in 2015 was to sell oil to concrete companies in advance and these companies "forgot" to pay for it," the NABU said.

The press service said that the story with embezzlement of UAH 40 million at Zaporizhiaoblenergo, which were returned under a court ruling.

"Some court rulings that would allow returning almost UAH 90 million to state-owned enterprises of the energy sector are at the stage of enforcement: UAH 57 million to public joint-stock company Cherkasyoblenergo, UAH 30 million to public joint-stock company Ukrgazvydobuvannia and UAH 1.4 million to National Nuclear Generating Company Energoatom," the NABU said.

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