Large-scale corruption scheme exposed: Borivaz assets seized

The Bureau of Economic Security of Ukraine (BES) is investigating a large-scale corruption scheme involving Borivaz LLC and a number of other companies, in collaboration with the Office of the Prosecutor General. The illegal activities, which continued from 2016, caused significant damage to the state budget.

Collateral evasion and tax fraud

According to the investigation, officials of Borivaz, in collusion with representatives of Agrotterminal Logistics LLC, PrivatBank PJSC, and other entities, illegally removed a sea transshipment and storage complex in the settlement of Novobelyary, Odesa region, from the collateral of the National Bank of Ukraine.

It was additionally established that between 2022 and 2024, the management of Terminal Borivaz, together with financial and insurance companies, evaded tax payments on an especially large scale, resulting in multi-million losses to the budget.

Seizure of key assets

The court has placed a seizure on the main assets of the companies involved in the scheme. In particular, administrative buildings, weighing stations, warehouses, grain storage facilities, and the docks of the sea transshipment complex in the Odesa region have been blocked. Management of these facilities has been transferred to the National Agency for the Recovery and Management of Assets (ARMA).