Deputy from Poltava region did not declare 200 million hryvnias in cryptocurrency

In Poltava region, a city council deputy was uncovered for not declaring crypto assets worth over 200 million hryvnias. According to the investigation, he and his wife had verified accounts on an international cryptocurrency exchange, through which they regularly received digital assets. These funds were not listed in income declarations, reports the National Police.

How the scheme worked

Investigators found that since the beginning of the full-scale invasion, the deputy systematically transferred large amounts of cash to controlled exchange points. There, the funds were converted into cryptocurrency, which was then stored in electronic wallets not listed in the declarations.

During searches conducted by the National Police in conjunction with the Security Service, the following items were seized:

• draft records with data on transactions;

• currency exchange receipts;

• financial documents and bank cards;

• mobile phones and information carriers.

The obtained materials confirmed the scale of illegal operations and the sources of the cryptocurrency assets.

Notice of suspicion

Based on the collected evidence, the deputy was served with a notice of suspicion under Part 2 of Article 366-2 of the Criminal Code of Ukraine - providing false information in the declaration. The penalty for this article provides for up to two years of imprisonment with a ban on holding certain positions.

Currently, an analysis of the seized property is ongoing, as well as a verification of the origin of the assets and possible accomplices. Law enforcement does not rule out that some of the funds could have been used by the deputy for financial operations outside Ukraine.

Previously, we reported that a grandfather from Ternopil transferred 1 million hryvnias to cryptocurrency scammers.