On 25 July 2018, the detectives of the National Anti-Corruption Bureau of Ukraine informed the former president of PJSC “Sea Trident”and the ex-director of the ship-owning company Zealand Holdings Inc. about a concluded investigation into the undersale of maritime trading ships previously owned by the infrastructure ministry that led to UAH 219 million in losses. The press service of the NABU has informed about this, 112.ua reports.
According to the data from the investigation, the ex-president of PJSC Sea Trident (fully-owned by the state), acting in collusion with the ex-chairman of Zealand Holdings Inc. and other officials at the Ministry of Infrastructure of Ukraine undersold African Lark, Etna, Elbrus and Everest maritime trading ships that were handed over by the transportation ministry into the chartered capital of “Sea Trident”.
As the result of such actions, the state suffered a loss of over UAH 219 million ($8.2 million).
The Bureau began its pre-trial investigation in December 2015, upon receiving the respective materials from the Prosecutor General’s Office.
In January 2018 the ex-officials of "Sea Trident” and the ship-owning company were indicted upon a crime specified in the Article 191, Section 5, of the Criminal Code of Ukraine (“misappropriation, embezzlement or abatement of property through abuse of power”).