Andriy Vlasenko, head of the State Food and Grain Corporation, was arrested early Friday morning at Kyiv Zhuliany as he attempted to board a plane out of the country.

Monday, August 16, 2021

On Thursday afternoon, the National Police announced that officials at the company organized a scheme that defrauded the state of $57 million. The charges and the arrest may signal that the government is serious about privatizing the money losing grain trader. Last year, the State Property Fund hired KPMG to prepare the company for sale. For investors, the company’s value lies largely in its grain elevators and Black Sea port terminals.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post

The Zaporizhia Automobile Building Plant, or ZAZ, is to start assembling Mercedes-Benz buses,

Next post

Monobank, an outgrowth of PrivatBank, “is already worth more than a billion dollars,”

Previous Main Topics