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Security Service stops large-scale embezzlement of budget funds intended for pension payments in Kharkiv region

Source : 112 Ukraine

The inquiry established that officials with the Pension Fund and a bank were involved in wrongful dealings with budget funds
18:42, 30 August 2021

Security Service of Ukraine
Open source

The Security Service of Ukraine has exposed a number of officials who are believed to have misappropriated pensions intended for residents of the temporarily occupied territories of Ukraine. It is reported by the SBU press office.

"The Security Service of Ukraine has stopped large-scale embezzlement of budget funds intended for pension payments in Kharkiv region. Officials claimed they had been "paying" pensions to citizens living in the occupied territories, while in fact all money settled in criminals’ pockets,” the statement reads.

Related: Ukrainian Security Service exposes scheme on purchase of low-quality parts for Ukrainian Railways

The inquiry established that officials with the Pension Fund and a bank were involved in wrongful dealings with budget funds.

The culprits, abusing their official position, would file inaccurate information into the database, altering data on pension payments to those living in the temporarily occupied territories. Then the accomplices would issue bank cards and cash the funds from them. All this had been happening without the knowledge of those filed as “recipients” of the said pensions.

According to the SBU, such a scheme had been operating for the past several years. According to the preliminary conclusions of the experts, the perpetrators have misappropriated nearly UAH 5 million($185,673).

Related: Security Service claims to have busted criminal gang originating from far-right National Corps movement

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SBU
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