Top managers of Naftogaz's subsidiary are suspects in embezzlement case
MOSCOW, November 24 (RAPSI) - Board chairman of Ukrgasvydobuvannya, a subsidiary of state-owned Naftogaz of Ukraine, his deputy are suspected of abuse of authority which allegedly caused over 16.8 mln hryvnia ($1.1 mln) in losses, RIA Novosti reported on Monday.
The case concerns a gas supply deal between Ukrgasvydobuvannya and a private company which owns one of largest gas station chains in Ukraine. Acting against the interests of the state, the board chairman of Ukrgasvydobuvannya and his deputy entered into the deal last march, according to the prosecutors. As a result, the private company obtained the right to receive almost 18,000 tonnes of fuel without advance payment and at a significantly discounted rate, the prosecutors allege.
A district court in Kiev issued arest warrants for both suspects.