Andriy Yermak Charged Over UAH 460 Million Laundering in €85 Million Energoatom Probe
Updated
Updated · POLITICO Europe · May 11
Andriy Yermak Charged Over UAH 460 Million Laundering in €85 Million Energoatom Probe
3 articles · Updated · POLITICO Europe · May 11
Ukraine’s anti-corruption agencies said they charged former presidential office chief Andriy Yermak with corruption and money laundering tied to elite construction near Kyiv.
NABU said the case involves laundering UAH 460 million, or about €8.9 million, and links Yermak to an organized crime group in the so-called Midas operation.
The broader investigation centers on an €85 million corruption scandal at state energy company Energoatom, where nine suspects had already been charged.
The probe has also reached other Zelenskyy associates, including entrepreneur Timur Mindich and former deputy prime minister Oleksiy Chenyshov, underscoring widening scrutiny around the president’s circle.
With his top aide charged in a major scandal, can President Zelensky's anti-corruption legacy survive?
Has a massive corruption scheme secretly undermined Ukraine's wartime drone production?
$100 Million Energoatom Corruption Scandal: Operation Midas, Zelensky’s Inner Circle, and the Battle for Ukraine’s Future
Overview
Ukraine is facing its biggest corruption scandal since the war began, centered on the alleged siphoning and laundering of $100 million from the state-owned nuclear power company Energoatom. The investigation, which started in 2026, has deeply implicated President Zelensky's inner circle and led to the dismissal of two ministers. Anti-corruption agencies have released details gradually through wiretaps and court testimony, fueling public perception that the scandal reaches the highest levels of leadership. Notably, recorded conversations implicate a key figure, 'Andriy' (likely Yermak), in a frozen housing project, highlighting the far-reaching impact of the ongoing crisis.