Ukraine’s Attorney General’s Office launching an investigation into theft of space businesses

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The Attorney General’s Office investigates the theft in three companies which is part of Ukrainian State Space Agency.

In particular, an investigation will be conducted into the sale of the assets of the “Kyiv Radio Plant” Production Association at a low price during bankruptcy proceedings.

Also at the Arsenal plant, which was damaged in the amount of over 1 billion UAH as a result of the withdrawal of objects into private ownership and the sale of property through a tax lien. A “Yuzhnoye Design Office” awaiting the execution of a court decision on the return of insurance payments, with which the Ukrainian-Brazilian missile launch projects were insured.

“The enterprises of the space industry suffered significant damage: facts of embezzlement of entire property complexes were established, assets were sold at low prices, and land was privatized. Those responsible for the theft of strategic enterprises must finally be held accountable. We gave instructions to study the materials of all these criminal proceedings and to intensify the investigation. Where the opportunity to return the property of the state has not yet been lost, we must do everything to implement it, ”Prosecutor General Irina Venediktova said.

The Attorney General’s Office will also review the lawfulness of decisions to close certain criminal proceedings relating to abuses at the State Space Agency’s governmental entities, intensify lawsuits and representations.

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