The enterprise engaged in the extraction, processing, and export of iron ore is part of an industrial-financial group controlled by a former member of the Ukrainian parliament, who is wanted internationally. The company is part of the Ferrexpo plc group and is one of the largest global producers of high-quality pellets and a payer of rent for the use of subsoil for the extraction of minerals.

According to the investigation, the head of the specified plant organized a tax evasion scheme that involved undervaluing the iron ore products during their sale to related foreign companies registered in jurisdictions in Europe and the Middle East.

As a result of such illegal actions, from 2015 to 2017, the state budget lost over 1.7 billion UAH in profit tax.

Currently, the pre-trial investigation in the criminal proceedings has been completed.

The Office of the Prosecutor General has already sent an indictment against this head of the mining and processing plant to the court. He will be tried for intentional tax evasion in a particularly large amount and for providing knowingly false information in official documents (Part 3 of Article 212, Part 2 of Article 28, Part 1 of Article 366 of the Criminal Code of Ukraine).

The pre-trial investigation was conducted by detectives of the Main Detective Unit of the Bureau of Economic Security of Ukraine.

Note: 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 court verdict.