KYIV, Ukraine (AP) — Employees from a Ukrainian arms firm conspired with defense ministry officials to embezzle almost $40 million earmarked to buy 100,000 mortar shells for the war with Russia, Ukraine's security service reported.
Ukrainian President Volodymyr Zelenskyy was elected on an anti-corruption platform in 2019, long before Russia’s full-scale invasion of Ukraine in February 2022.
Security officials say that the current investigation dates back to August 2022, when officials signed a contract for artillery shells worth 1.5 billion hryvnias ($39.6 million) with arms firm Lviv Arsenal.
However, the goods were never delivered and the money was instead sent to various accounts in Ukraine and the Balkans, investigators said.
Ukraine’s prosecutor general says that the funds have since been seized and will be returned to the country's defense budget.
Persons:
SBU, Volodymyr Zelenskyy, Ivan Bakanov
Organizations:
—, European Union, NATO, State Security Service, Lviv Arsenal
Locations:
KYIV, Ukraine, Ukrainian, Russia, Kyiv, Lviv, Balkans