BR100 Decreased By (-0.22%)
BR30 Decreased By (-0.17%)
KSE100 Decreased By (-0.19%)
KSE30 Decreased By (-0.24%)
AGHA 7.79 Decreased By ▼ -0.02 (-0.26%)
BECO 5.19 Decreased By ▼ -0.02 (-0.38%)
BML 57.75 Increased By ▲ 0.25 (0.43%)
BOP 34.20 Increased By ▲ 0.17 (0.5%)
CNERGY 9.93 Decreased By ▼ -0.03 (-0.3%)
CSIL 5.35 Increased By ▲ 0.04 (0.75%)
FCCL 54.58 Decreased By ▼ -0.12 (-0.22%)
FFL 16.70 Increased By ▲ 0.01 (0.06%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.31 Decreased By ▼ -0.09 (-1.22%)
KOSM 5.75 Decreased By ▼ -0.02 (-0.35%)
LOTCHEM 29.22 Decreased By ▼ -0.10 (-0.34%)
MLCF 93.50 Decreased By ▼ -0.86 (-0.91%)
NBP 202.51 Decreased By ▼ -0.54 (-0.27%)
NCPL 56.90 Decreased By ▼ -0.10 (-0.18%)
NPL 67.83 Increased By ▲ 0.13 (0.19%)
OGDC 316.39 Increased By ▲ 0.55 (0.17%)
PACE 10.68 Increased By ▲ 0.04 (0.38%)
PAEL 42.87 Decreased By ▼ -0.33 (-0.76%)
PIBTL 16.65 Decreased By ▼ -0.09 (-0.54%)
PPL 218.70 Decreased By ▼ -1.08 (-0.49%)
PRL 49.40 Increased By ▲ 0.21 (0.43%)
PTC 70.65 Increased By ▲ 0.12 (0.17%)
SSGC 27.90 Decreased By ▼ -0.35 (-1.24%)
TBL 9.75 Decreased By ▼ -0.11 (-1.12%)
TELE 8.79 No Change ▼ 0.00 (0%)
TPL 18.17 Decreased By ▼ -0.07 (-0.38%)
TPLP 13.35 Increased By ▲ 0.08 (0.6%)
TREET 22.52 Decreased By ▼ -0.20 (-0.88%)
TRG 60.34 Increased By ▲ 0.20 (0.33%)
World

Zelensky orders defence audit after corruption scandal

  • A decision has also been prepared regarding a full review of state defence companies and relevant contracts, Zelensky said
Published Updated
By

KYIV: Ukrainian President Volodymyr Zelensky on Saturday ordered an audit of the war-torn country’s large defence industry, after a sweeping corruption probe uncovered graft in the battered energy sector.

Though the investigation mostly concerned  energy, it has also found fraud in contracts that provided for the protection of the grid, particularly vulnerable to relentless Russian bombardments.

“A decision has also been prepared regarding a full review of state defence companies and relevant contracts,” Zelensky said on social media.

“All findings on revealed violations will be forwarded to law enforcement and anti-corruption agencies,” he added.

Meanwhile, two key suspects implicated in the $100 million kickback scheme, Timur Mindich and Oleksandr Tsukerman, were added to Ukraine’s wanted list, according to the interior ministry.

Ukraine’s Zelensky to meet US army delegation after Washington plan emerges

Both are believed to be at large.

Mindich co-owns the media production company Kvartal 95, founded by Zelensky, who was a star comedian before running for office. Ukrainian media previously reported that the two were friends.

An overhaul of the supervisory boards of defence companies was also under way, according to Zelensky.

This was in addition to an already ongoing scrutiny of the energy sector, announced last week as the corruption scandal started to unravel.

The Ukrainian president also said Kyiv was preparing for meetings with international financial institutions as it scrambles to secure funds amidst mounting Russian advances.

Anti-graft investigators said around $100 million had been embezzled from the energy sector, causing outrage in a country where Russian attacks have resulted in devastating power outages.

Zelensky sacked two ministers over the corruption scheme and sanctioned Mindich and Tsukerman, who were named as its masterminds.

The scandal prompted some of Ukraine’s European allies to urge Zelensky’s government to do more to battle corruption.

Comments

Comments are closed for this article.