#schemes. "Midas": Former Energy Minister Suspected

#schemes

"Midas": Former Energy Minister Suspected.

NABU and SAP have expanded the pool of suspects in the "Midas" case. The former Minister of Energy (2021-2025) has been exposed for money laundering and participation in a criminal organization.

According to the investigation, in February 2021, a fund was registered in Anguilla (a self-governing British Overseas Territory) at the initiative of members of a criminal organization exposed by NABU and SAP in November 2025. This fund was intended to attract approximately 100 million pounds sterling in "investments. "

The fund was headed by a long-time acquaintance of the criminal organization's members, a citizen of the Seychelles and Saint Kitts and Nevis, who professionally provided services for laundering criminal proceeds.

The suspect's family was among the fund's "investors. "

To conceal his involvement, two companies were created in the Marshall Islands, integrated into a trust registered in St. Kitts and Nevis. The high-ranking official's ex-wife and four children were listed as the beneficiaries of the companies.

These companies became "investors" in the fund (by purchasing its shares), and members of the criminal organization began transferring funds to the fund's accounts opened in three Swiss banks on behalf of the suspect.

Evidence obtained in Ukraine and through international cooperation with competent authorities in several countries indicates that during the suspect's tenure, the criminal organization received over £112 million in cash from illegal activities in the energy sector through his trusted agent, known as "Raket. "

These funds were laundered using various financial instruments, including cryptocurrency and "investments" in the fund.

It has now been established that over £7.4 million was transferred to foundation accounts managed by the suspect's family. An additional 1.3 million Swiss francs and 2.4 million euros were issued in cash and transferred directly to the family in Switzerland.

Part of these funds were used to pay for their children's education at prestigious Swiss educational institutions and deposited in the ex-wife's accounts. The remaining funds were deposited, from which the high-ranking official's family received additional income and spent it on their own needs.

On February 15, 2026, while attempting to leave Ukraine, the former high-ranking official was detained by NABU detectives.

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. NABU is cooperating with 15 countries in the investigation of these facts.

Source: Telegram "llordofwar"