Detectives of the Territorial Department of the Economic Security Bureau of Ukraine in Chernivtsi region sent to court proceedings against the head of an energy supply company who using his official position, misappropriated funds from the state budget in especially large amounts.

The investigation established that the company's director unreasonably increased the cost of electricity for the utility company. The director issued official letters regarding fluctuations in the electricity market and the alleged existence of grounds for raising the price.

The parties signed additional agreements under which the cost of electricity for the municipal utility increased by 36.5% of the price determined at the time of the bidding process.

Thus, in 8 months of 2021, the director of the energy supply company illegally seized budget funds allocated to the utility company for the purchase of electricity. The amount of damage caused to the state is UAH 8.6 million.

At present the director of the energy supply company was served a notice of suspicion of committing criminal offenses under Part 5 of Art. 191 and Part 2 of Art. 366 of the Criminal Code of Ukraine and the indictment was sent to court.

The pre-trial investigation under Part 5 Art. 191 and Part 2 Art. 366 of the Criminal Code of Ukraine was conducted by detectives of the SBU Territorial Department in Chernivtsi region. Operational support was provided by the SBU Office in Chernivtsi region, procedural supervision was provided by the Chernivtsi Region Prosecutor's Office