Detectives of the Economic Security Bureau of Ukraine have served a notice of suspicion of tax evasion on a large scale and forgery of official documents to the head of the Board of Poltava Mining and Processing Plant a member of the Ferrexpo Group.

In the period from 2018 to 2021, the suspect entered false information in the company's official documents and underpaid the budget for the use of subsoil for iron ore deposits by UAH 2.2 billion.

The company's tax declarations reflected the volume and value of commercial products in the form of crushed ore, i.e. without beneficiation which significantly affects the cost of rent payments.

The head of Poltava Mining and Processing Plant was served a notice of suspicion under Part 3 of Art. 212, Part 2 of Art. 28, Part 1 of Art. 366 of the Criminal Code of Ukraine.

The pre-trial investigation is ongoing. Procedural guidance is provided by prosecutors of the Prosecutor General's Office. Operational support is provided by the SSU.

Note: In accordance with Art. 62 of the Constitution of Ukraine a person is presumed innocent of committing a crime and shall not be subjected to criminal punishment until his or her guilt is proved in accordance with the law and established by a court verdict of guilty.