The SBU and the Prosecutor's Office uncovered a conversion center worth 1.5 billion hryvnias: details of the case.

According to inkorr.com: A large conversion center was discovered in Kyiv. With the joint efforts of the Prosecutor's Office and the Security Service of Ukraine, a scheme was unveiled through which financial transactions worth over 1.5 billion hryvnias were conducted. The organizer of this criminal enterprise turned out to be Yevhen Bambizov, the former deputy head of the State Fiscal Service.

Activities of the conversion center

The criminals created fictitious importer companies and transit firms through which funds were withdrawn into the shadow circulation, including budgetary funds. The total volume of illegal transactions exceeded 1.5 billion hryvnias.

From July 2024 to May 2025, 127 million hryvnias for fictitious supplies of goods and services were credited to the accounts of one of the controlled companies. The director and accountants of these companies, subordinate to the organizer of the scheme, did not submit the relevant data to the tax reporting on VAT, which led to a deliberate understatement of tax liabilities by over 21 million hryvnias.

The funds obtained as a result of criminal actions were legalized through the accounts of other firms under the guise of settlements for goods and services, without being reflected in the accounting. The organizer and his accomplices have already been arrested, and they plan to present suspicions against them in accordance with the Criminal Code of Ukraine.

Recall that earlier the BEB uncovered a network of illegal casinos in four cities of Ukraine.

The discovered conversion center is one of the largest in recent years, and its organizers face severe punishment under Ukrainian criminal law.

The importance of this news lies in the unveiling of a large-scale scheme that significantly affected Ukraine's economic security. The involvement of experienced criminals in government positions highlights the problem of corruption in the country. It is expected that the actions of law enforcement will contribute to improving the situation in the fight against money laundering schemes and tax evasion.