In Sumy, an official put the stadium up for the auction and independently determined the cost of the facility without a specialist. Thus, the stadium was sold 50 times cheaper than the market value, which caused losses of $14.4 million. This was reported by the press service of the Prosecutor General's Office.
“It was reported that the Deputy Head of the State Executive Service of the Main Territorial Department of Justice in Sumy region is suspected of abuse of power (Part 3 of Article 365-2 of the Criminal Code of Ukraine),” the statement reads.
According to the investigation, on the basis of enforcement proceedings to recover debts from Sumy Machine-Building Research and Production Association in favor of a group of debt collectors the official issued a decision to seize the debtor's share, including the Yuvileiny Stadium. However, before submitting the application for the sale of property at the public sale, the state executor did not involve a specialist to assess it, as he was supposed to, but independently determined its value below the market price.
Thus, at the end of 2020, the limited liability company purchased the stadium for $304,000, although its market value is almost $15 million.
“The actions of the official caused Sumy Machine-Building Research and Production Association $14,4 million of losses,” the prosecutor's office added.