{"id":13240,"date":"2023-12-24T02:50:03","date_gmt":"2023-12-24T02:50:03","guid":{"rendered":"https:\/\/shareperformanceinsight.com\/index.php\/2023\/12\/24\/ukraine-arrests-senior-defense-ministry-official-accused-of-embezzling-40-million\/"},"modified":"2023-12-24T02:50:03","modified_gmt":"2023-12-24T02:50:03","slug":"ukraine-arrests-senior-defense-ministry-official-accused-of-embezzling-40-million","status":"publish","type":"post","link":"https:\/\/shareperformanceinsight.com\/index.php\/2023\/12\/24\/ukraine-arrests-senior-defense-ministry-official-accused-of-embezzling-40-million\/","title":{"rendered":"Ukraine arrests senior Defense Ministry official accused of embezzling $40 million"},"content":{"rendered":"<p class=\"paragraph inline-placeholder\">      A senior Ukrainian Defence Ministry official has been detained over allegations he embezzled 1.5 billion Ukrainian hryvnia ($40 million) relating to an artillery shells contract, according to the Ukrainian Security Service (SBU).  <\/p>\n<p class=\"paragraph inline-placeholder\">      The SBU says the official signed an agreement with a special export company to purchase a wholesale batch of artillery shells in December last year.  <\/p>\n<p class=\"paragraph inline-placeholder\">      However, a more favourable contract for the supply was later signed with the same manufacturer \u2013 one that did not involve intermediaries. The SBU said this significantly shortened the delivery time and reduced the cost of the products.  <\/p>\n<p class=\"paragraph inline-placeholder\">      According to the SBU, the defense official extended the original \u2013 more expensive \u2013 contract and funds totalling 1.5 billion Ukrainian hryvnia ($40 million) were transferred to the accounts of an affiliated foreign intermediary firm.  <\/p>\n<p class=\"paragraph inline-placeholder\">      The SBU says it has found documents confirming the illegal activity. The official faces up to 15 years in prison if found guilty.  <\/p>\n<p class=\"paragraph inline-placeholder\">      The Ukrainian Ministry of Defense said it was taking measures to try to recover the funds.  <\/p>\n<p class=\"paragraph inline-placeholder\">      According to the Head of the Press and Information Department of the Ukrainian Ministry of Defense, Illarion Pavliuk, the contract was one in which payment was made, but no deliveries had taken place. As a result, he said lawyers were looking at options to terminate the contract and recover the funds.  <\/p>\n<p class=\"paragraph inline-placeholder\">      In September, Ukrainian President Volodymyr Zelensky fired his Defence Minister, Oleksii Reznikov, citing the need for \u201cnew approaches\u201d amid\u00a0a number of corruption scandals\u00a0involving Ukraine\u2019s Ministry of Defense.  <\/p>\n<p class=\"paragraph inline-placeholder\">      Rustem Umerov, the former people\u2019s deputy of Ukraine, was appointed as his replacement.  <\/p>\n<p class=\"paragraph inline-placeholder\">      Zelensky sought to address concerns about corruption when he travelled to Washington DC and met US Senators this month. The issue has also become more pressing after the EU agreed to open membership talks with Ukraine.  <\/p>\n\n<div>This post appeared first on cnn.com<\/div>","protected":false},"excerpt":{"rendered":"<p>A senior Ukrainian Defence Ministry official has been detained over allegations he embezzled 1.5 billion Ukrainian hryvnia ($40 million) relating to an artillery shells contract, according to the Ukrainian Security Service (SBU). The SBU says the official signed an agreement with a special export company to purchase a wholesale batch of artillery shells in December <\/p>\n","protected":false},"author":0,"featured_media":13241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-13240","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/13240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=13240"}],"version-history":[{"count":0,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/13240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media\/13241"}],"wp:attachment":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=13240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=13240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=13240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}