Ukrainian anti-corruption agencies conclude pre-trial investigation in Midas case
Ukraine’s National Anti-Corruption Bureau and Specialized Anti-Corruption Prosecutor’s Office announced on 4 November that they had completed the pre-trial investigation into the Midas case. The case concerns an alleged criminal organization and a large-scale corruption and money-laundering scheme involving state energy companies, particularly Energoatom.
Pääkohdat
- The investigation was completed on 4 November 2026.
- Participants allegedly demanded 10%–15% of contract value from Energoatom and energy-sector state-company counterparties.
- More than $111 million and nearly €12 million passed through the organization’s office between 2020 and 2025.
- The scheme allegedly involved officials, business figures and other persons.
- Funds were allegedly laundered through cryptocurrency, securities, a foreign investment fund and non-resident companies.
- Authorities took steps to seize assets in Ukraine and abroad.
- Investigations into other alleged corruption and money laundering in the energy sector are continuing.
Miksi tämä on tärkeää
The case allegedly exposed a systematic scheme that influenced strategic state energy enterprises, especially Energoatom. Investigators said participants extracted 10%–15% of contract value, while large sums reportedly moved through the organization’s office between 2020 and 2025. Searches, arrests, preventive measures, the suspension of a minister and sanctions against two people followed the investigation.
Mitä tapahtui
On 4 November, Ukraine’s National Anti-Corruption Bureau and Specialized Anti-Corruption Prosecutor’s Office announced the completion of the pre-trial investigation in the Midas case. The investigation focused on an alleged criminal organization operating in the energy sector, with current and former senior officials, business figures and other persons allegedly participating. Participants allegedly demanded illegitimate benefits equal to 10%–15% of contracts with Energoatom and enterprises overseen by the Ministry of Energy. They also allegedly blocked payments or removed suppliers’ status when counterparties refused to pay.
The organization created a separate office in central Kyiv to legitimize illicit funds. Between 2020 and 2025, more than $111 million and nearly €12 million reportedly passed through it. Investigators said the money was laundered using cryptocurrency, securities, a foreign investment fund, a network of non-resident companies and transfers to individuals. The agencies also began measures to seize the organization’s assets in Ukraine and abroad, and said the search and seizure efforts would continue.
Näin ukrainalaiset lähteet kertovat asiasta
Ukrainian reporting centers on the completed investigation, the alleged involvement of energy-sector officials and business figures, the scale of funds moved through the organization’s office, and the ensuing searches, arrests, preventive measures, ministerial suspension and sanctions. Authorities stress that the case does not end the broader inquiry, as additional proceedings and asset-recovery efforts remain underway.
Tausta
The Midas case concerns alleged corruption and money laundering centered on Energoatom and other state companies. Investigators said participants created a separate office in central Kyiv and used cryptocurrency, securities, a foreign investment fund, non-resident companies and transfers to individuals to launder money. The criminal organization was reportedly uncovered in November 2025.