Interpol in Serbia, based on materials from the Security Service of Ukraine (SBU), has detained a Ukrainian agricultural businessman who appropriated UAH 20 million of state funds, according to the SBU press center.

"During the attempt to enter Serbia from one of the neighboring countries, Interpol in Serbia detained a Cherkasy businessman who appropriated almost UAH 20 million of public funds," reads the report.

According to the SBU, the founder and owner of a local agricultural producer from Cherkasy region in 2014 signed a contract with the State Food and Grain Corporation of Ukraine and the farmers received nearly UAH 20 million for the purchase from them of grain of the future harvest.

"The SBU officers established that the agricultural company did not deliver grain, the businessman appropriated public money and has been hiding abroad for a long time," the SBU said.

The businessman was put on the wanted list within open criminal proceedings under Part 5 of Article 191 of the Criminal Code of Ukraine.

Currently the question of his extradition to Ukraine is being settled.