Ukraine Monitor presents the latest news concerning internal and external matters of Ukraine – a unique country where the interests of the East and the West clash almost every day.
Date: 26 October 2022 Author: Grzegorz Kuczyński
Ukraine’s Former Central Bank Chief Declared Wanted
The true reason behind the resignation of the chairman of Ukraine’s national bank is an old embezzlement case––and not his conflict with the finance ministry. Kyrylo Shevchenko was allegedly involved in an embezzlement scheme while serving as the chairman of one of the country’s state banks.
Ukraine’s national anti-corruption agency declared former central bank governor Kyrylo Shevchenko a wanted man along with two employees of the Ukrgazbank lender in 2014–2019, on suspicion of embezzling more than 200 million hryvnia. The Supreme Anti-Corruption Court has ordered to detain one of the suspects. Shevchenko abruptly resigned on October, 4 citing health problems. Two days later, an old embezzlement case reemerged, dating back to the time when Shevchenko worked in Ukrgazbank. Investigators found that top central bank managers had paid extra money to some “agents” for their bogus services. Back then, Shevchenko served as the chief of the National Bank of Ukraine. He got conflicted with the finance ministry over the hryvnia issue. Former Oschadbank bank executive Andriy Pyshnyi was appointed chairman of the National Bank of Ukraine. Shevchenko referred to the investigation as biased, saying he left the country to receive medical treatment abroad. Shevchenko has long worked in Ukraine’s financial sector. In addition, he briefly served as an aide to Yulia Tymoshenko, former prime minister of Ukraine.
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