The State Investigation Bureau searched the home of Andriy Kobolyev, former head of the state-owned oil and fuel monopolist Naftogaz, on Feb. 1.
In step with the Bureau, the searches have been a part of a case set to analyze the legality of an settlement signed via Kobolyev in 2020 to switch 305 million cubic meters of fuel from state possession to personal firms.
Kobolyev, who used to be sacked from Naftogaz in April 2021 for last the former yr with $684 million in losses, mentioned on Fb that he acted within the pursuits of the state-owned corporate.
“Within the strategy of resolving the issue that arose greater than two decades in the past, the groups of Naftogaz and Ukrtransgaz have been guided via the pursuits of those firms and have been ready to stop unlawful write-offs of about Hr 2 billion ($70 million),” he wrote.
The place of work of Naftogaz’s subsidiary Ukrtransgaz and personal firms all for a decade-long felony hurdle have been additionally searched via government.
The dispute started in 1999, when Ukrenergozbut, a moderately small non-public fuel distribution corporate, transferred 418 million cubic meters of fuel to Ukrtransgaz, the nationwide fuel transmission machine operator, to be redistributed to the corporate’s shoppers.
Alternatively, Ukrtransgaz did not redistribute maximum of it and saved 305 million cubic meters in its community, for which Ukrenergozbut fought since then thru felony approach.
In 2019, the debt used to be purchased via Fin-Make investments, an organization reportedly connected to businessman Kostyantyn Zhevago, charged with embezzlement. Quickly, a courtroom ordered Uktransgaz to pay the debt to Fin-Make investments.
Zhevago for alleged embezzlement of $113 million thru Finance and Credit score, a financial institution he used to possess, and wherein he purchased Ukrenergozbut’s debt. Since then, the oligarch has been at the run.
In mid-2020, Ukrtransgaz’s money owed handed to Profi-Fuel, an organization connected to Ukrainian businessman Igor Voronov, who additionally owns Ukraine-based insurance coverage corporate Uniqa.
In past due 2020, Ukrtransgaz requested Naftogaz to succeed in an amicable settlement to settle the war, which resulted in Profi-Fuel receiving fuel value $77 million (Hr 2.2 billion), the quantity of the contentious debt.
Alternatively, in past due 2021, the Perfect Courtroom dominated that Profi-Fuel illegally purchased the corporate’s debt.
Now, Ukrtransgaz is not easy that Naftogaz can pay for the damages led to via the switch of 305 million cubic meters of herbal fuel to Profi-Fuel.
The Investigation Bureau argued that Kobolyev signed the switch with out the consent of the Naftogaz supervisory board which disadvantaged the state of the $77 million.
Kobolyev alleged that the investigation used to be an unsuccessful try to intimidate him.
“There is not any level in scaring me or sending me threats,” he mentioned.