Oleksiy Fedorichev to face trial over $60 million in damages to DPZKU

Court trial over the misappropriation of state resources

Oleksiy Fedorichev, a Russian-origin oligarch and owner of an international grain trader, is set to stand trial. He is charged with organising a scheme to misappropriate grain belonging to the State Food and Grain Corporation of Ukraine (DPZKU) on an especially large scale.

Mechanism of fund diversion

According to the investigation, the state company's grain was transferred to Saudi Arabia through a series of intermediary business entities. The supplies were made on deferred payment terms, which contradicted market standards. As a result of this deal, DPZKU did not receive the expected funds, leading to damages amounting to $60 million.

Financial laundering via Cyprus

The investigation established that a significant portion of the diverted funds—over $40.9 million—was laundered using foreign companies registered in Cyprus. According to media reports, this involves the structure Fedcominvest Europe SARL, which is owned by businessman Oleksiy Fedorichev.