Ex-Minister's Family Linked to Millions in 'Midas' Money Laundering Case.

NABU and SAP Investigate the 'Midas' Case

According to Novyny.live: Ukraine's National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor's Office (SAP) are investigating former Energy Minister Herman Halushchenko in the 'Midas' case. Investigators allege he may have been involved in laundering money through offshore structures. So far, the probe has uncovered over $7.4 million, 1.3 million Swiss francs, and 2.4 million euros connected to Halushchenko's family.

Case Details

Herman Halushchenko served as Energy Minister from 2021 to 2025. In February 2021, a fund intended to hold approximately $100 million was registered on the island of Anguilla. A criminal organization linked to this fund was exposed in November 2025. Two companies registered in the Marshall Islands were found to have the ex-minister's former wife and four children as their beneficiaries.

According to the investigation, members of the organization received over $112 million in cash from illicit activities in the energy sector via a trusted intermediary known as 'Rocket.' To date, more than $7.4 million has been transferred to accounts controlled by Halushchenko's family.

On February 15, 2026, Herman Halushchenko was detained while attempting to leave Ukraine. He was served with a notice of suspicion under Part 2 of Article 255 and Part 3 of Article 209 of the Criminal Code of Ukraine. The investigation is ongoing as authorities work to uncover all circumstances of the case.

The 'Midas' case has generated significant public interest due to the scale of the alleged crimes and the high-profile status of the suspect. This investigation underscores the critical importance of combating corruption in Ukraine, particularly within strategically vital sectors like energy. The outcome is being closely watched as a test for the country's anti-corruption institutions and their ability to hold powerful figures accountable.