Odesa city: SBU terminates activities of conversion center transferred customers’ money to Russia
Within the framework of counteracting the shadowing of the state's economy, SBU in Odesa city blocked a conversion center with a handling capacity of over UAH 500,000,000 (USD 18, 518, 519).
Special service operatives established that since the beginning of 2020, the facilitator of the conversion center have been conducting illicit financial transactions through a number of subsidiaries. "Service users" include commercial entities that won in project bidding and budget procurement. At the request of "clients", the attackers transfer money in cash to evade taxes and withdraw funds into the shadow economy.
Furthermore, clients transferred funds to other countries, including Russia, via the conversion center. SBU officers have documented the transfer of hundreds of millions of rubles to the aggressor state.
During the investigation in the office of conversion center law enforcement officers seized accounting fraud and cash worth more than UAH 9,000,000 (USD 333,334). Computer equipment, electronic keys and data carriers with financial, commercial and accounting records proving their illegal activities were found as well.
In the framework of the criminal proceedings initiated under Part 1 Art. 110, Part 2 Art. 258-5 and Part 2 Art. 364 of the Criminal Code of Ukraine investigations are ongoing to establish all the circumstances of the case.
The operation was carried out under the procedural supervision of the Prosecutor's Office of Odesa region.
For the Attention of the SBU Head