The law enforcement agency is investigating criminal proceedings concerning the possible abuse of officials of the State Property Fund during the privatization of the Bolshevik.
The auction for the privatization of the First Kyiv Machine-Building Plant JSC took place on October 27, 2021. Firstly, at least 15 bidders intended to fight for it, but only three reached the final bidding. The winner was General Commerce LLC, a company registered in Kyiv in 2018 with a registered capital of UAH 4,000.
The examination of the State Bureau of Investigation established that the property valuation report, which was used to determine the value of the plant's shares, did not meet the requirements of the law. The agency believes that this could negatively affect the reliability of such an assessment.
Currently, investigators are establishing all the circumstances of the illegal alienation of the plant from state ownership at a reduced cost. This has caused economic damage to state interests, the statement said.
Therefore, the court seized 100% of the authorized capital of the "First Kyiv Machine-Building Plant" on January 11, 2022 in order to preserve the evidence. This was requested by the prosecution.
A pre-trial investigation is currently underway. Criminal proceedings were instituted under Part 2 of Article 364 of the Criminal Code of Ukraine (abuse of power or official position). The sanction of the article provides for imprisonment for up to 6 years with deprivation of the right to hold certain positions or engage in certain activities for up to 3 years.