Energy sector scandal

Andriy Yermak, aka Ali Baba, central to Mindichgate, directed law enforcement and anti-corruption bodies, protected allies, and influenced key decisions, while the President appears unwilling to dismiss him.

Operation “Midas” exposed systemic corruption in Ukraine’s energy sector, highlighting weaknesses in governance, destabilizing the ruling coalition, and raising concerns over trust in the Presidential Office, NSDC, and anti-corruption bodies.

Former Ukrenergo head Volodymyr Kudrytskyi was charged with large-scale fraud over substation fencing contracts awarded in 2018. He called the accusation “absurd” and was released on bail.

The State Bureau of Investigation detained former Ukrenergo head Volodymyr Kudrytskyi for allegedly embezzling over UAH 13.7 million, alongside businessman Ihor Hrynkevych.

Timur Mindich, long known in political and business circles, has come under scrutiny for his influence over Ukraine’s energy and defense sectors. Sources suggest he may be investigated by the FBI for potential money laundering involving offshore and British-registered companies, as well as individuals linked to him.

NABU and SAPO exposed an Energoatom official who demanded monthly kickbacks of 10-15% from contractors. She received about ₴1.67 million; total demands exceeded ₴6.6 million.