Former MP Vecherko profited from coal during the war

Former MP Vecherko profited from coal during the war – now trying to avoid punishment

Vladimir Vecherko, a former deputy from the Party of Regions, has found himself at the centre of a scandal involving coal supply fraud. According to an investigation, his company "Interbis" executed a scheme involving the resale of coal, which caused damage to the state energy sector. He is now in court to avoid punishment.

How did the scheme work?

Vecherko allegedly conspired with officials Nemchinov and Voloshyn. They ensured his company purchased 24,000 tonnes of coal at an undervalued price.

Subsequently, "Interbis" resold the coal with a significant markup, generating nearly UAH 20 million in profit.

State losses

Due to this transaction, state-owned company "Tsentrenergo" suffered UAH 12 million in damages.

The former MP is now attempting to challenge the charges in court to avoid a potential prison sentence.