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UAH846 million embezzled in South Africa coal deal, prosecutor says
Journal Staff Report

KIEV, Jan. 12 – After the signing of a contract on the supply of coal to Ukraine from South Africa, approved by Director of state enterprise Ukrinterenergo Volodymyr Zinevych, the state saw a loss of over UAH 846 million, the Prosecutor General's Office reported.

"According to the materials of the pretrial investigation, today we believe the fact that the head of state enterprise Ukrinterenergo, by signing the illegal contract to buy coal [from South Africa], allowed embezzlement of state funds worth over UAH 846 million has been proved," First Deputy Head of the Chief Investigation Department of the Prosecutor General's Office Sviatoslav Lahaniak said at a meeting of the parliamentary committee for preventing and fighting corruption, held in Kiev on January 9.




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