The defence plant "Artem" is suspected of embezzling 8.3 million dollars

The defence plant "Artem" is suspected of embezzling 8.3 million dollars

The Kyiv defence plant "Artem," which periodically suffers from missile attacks, is accused of embezzling $8.3 million during the production of artillery shells.

The prosecution reports that the case will soon be considered in court on its merits.

The investigation claims that in 2017, a foreign businessman conspired with Ukrainian officials, including a deputy minister, to secure a contract for a fictitious American company to purchase equipment for the production of shell bodies of calibers 152/155 mm.

The company received an advance payment amounting to half of the contract sum, $8.3 million, and immediately transferred it to the accounts of other companies. These funds were spent, and Ukraine never received the shells.