Ukraine anti-corruption chief signals more suspects in "Midas" energy probe

The Director of the National Anti-Corruption Bureau of Ukraine (NABU), Semen Kryvonos, has indicated that the ongoing investigation into the “Midas” corruption case in the energy sector is likely to expand, with additional suspects expected to emerge.

Speaking at a meeting of the Verkhovna Rada Committee on Anti-Corruption Policy, Kryvonos said investigators were reviewing thousands of hours of recordings, which mention various individuals, companies, and events, Caliber.Az reports via Ukrainian media.

“Many details are becoming clearer. I am deeply convinced that there will be further suspects in this case and that the investigation will broaden,” he said.

Kryvonos added that NABU had identified financial flows from sectors beyond energy. “Energy was a priority because it remains the most opaque in terms of regulation. But funds also came from other areas,” he explained.

Investigators are currently matching conversation dates with transaction records and plan to seek international legal assistance to trace all financial movements. “We are communicating with international partners to enable effective cooperation and the recovery of assets taken abroad,” Kryvonos said.

On November 10, Ukraine’s National Anti-Corruption Bureau (NABU) and the Specialised Anti-Corruption Prosecutor’s Office (SAPO) exposed a criminal organisation involving current and former officials, a prominent businessman, and others.

The group allegedly ran a large-scale corruption scheme to influence state-owned enterprises, including JSC “NNEGC Energoatom”, to secure illegal benefits and launder money.

Under Article 208 of Ukraine’s Criminal Procedure Code, detectives have detained five individuals and formally charged seven, including:

• The businessman leading the organisation

• A former energy ministry advisor

• The executive director of security at Energoatom

• Four back-office staff involved in laundering funds

By Aghakazim Guliyev