Detectives of the Economic Security Bureau conducted 35 searches and inspections in companies controlled by one of the largest converters in Ukraine. These companies provided illegal tax evasion and money laundering services mainly to large retail chains.

As a result of the searches the detectives of the ESBU seized computer equipment as well as items and documents of evidentiary value in the criminal proceedings.

The total amount of losses confirmed by forensic economic examinations is UAH 767 million.

However according to analysts the volume of financial transactions with VAT of the above-mentioned group of companies for 2020-2023 is UAH 21 billion. Detectives are currently taking measures to establish the final amount of damage to the budget.

According to preliminary information the "king of cashback" coordinated the criminal activities of the companies while abroad.

The directors of the two legal entities have already been served notices of suspicion of committing criminal offences stipulated by Part 3 Art. 212, Part 3 Art. 209, Part 2 Art. 28, Part 1 Art. 366 of the Criminal Code of Ukraine.

The issue of choosing a measure of restraint in the form of detention is being decided.

The pre-trial investigation is ongoing. The procedural supervision is carried out by prosecutors of the Prosecutor General's Office of Ukraine.