The Office of the Prosecutor General has sent an indictment to the court regarding two individuals accused of embezzling funds from a banking institution amounting to over 35 million UAH.

According to the investigation, the former chairman of the bank's board acted in collusion with the director of a company associated with the so-called conversion center. A scheme for siphoning off funds from the banking institution was organized through controlled companies.

The bank's management, abusing their official position, provided loans to two enterprises without proper collateral, which contradicts the requirements of part 6 of Article 49 of the Law of Ukraine "On Banks and Banking Activities." These enterprises were part of a network of companies used to conduct financial operations for withdrawing funds and masking their subsequent movement.

After receiving the loan funds, the enterprises purchased foreign currency and transferred it abroad to non-resident companies. The transfers were made based on fictitious foreign economic contracts under the guise of advance payments for goods that did not actually take place.

Subsequently, bankruptcy procedures were initiated against the borrowing enterprises, making it impossible to recover the loan funds. As a result of the withdrawal of liquid assets, the bank was declared insolvent, and liquidation proceedings were initiated.

Such actions caused the banking institution losses amounting to 35 million UAH.

The indictment against the former chairman of the bank's board and the director of the enterprise for embezzlement of someone else's property by abusing their official position, committed by an organized group, under martial law and in particularly large amounts (part 5 of Article 191 of the Criminal Code of Ukraine), was sent to the court for substantive consideration on March 4, 2026.

The pre-trial investigation was conducted by investigators of the Main Investigative Department of the State Bureau of Investigations under the procedural guidance of prosecutors from the Office of the Prosecutor General and with operational support from the Department of Strategic Investigations of the National Police of Ukraine.

According to Article 62 of the Constitution of Ukraine, a person is presumed innocent of committing a crime and cannot be subjected to criminal punishment until their guilt is proven in a lawful manner and established by a guilty verdict of the court.