The National Anti-Corruption Bureau suspects the insolvent Nadra Bank of the embezzlement of UAH 400 mln, allocated by investors for creation of the subsidiary structure of Zaporizhia Titanium-Magnesium Plant, according to the ruling of the Kyiv Solomensky District Court, Espreso.tv reports.
According to the Bureau, the employees of ZTMP LLC jointly with the executives of ZTMP SE, Nadra PJSCCB, Synthesis Resource LLC as well as the individuals, who represented Tolexis Trading Limited, embezzled UAH 399.9 mln, stipulated by the agreement with the State Property Fund on setting up ZTMO LLC and the implementation of strategic development program and modernization of the company.
The funds were transferred through Tolexis Trading Limited as the investment into authorized capital.
All the transactions were conducted through the accounts of the specified companies in Nadra Bank. Sinthesis Resource LLC received the bank loans, which it used for purchasing U.S. dollars and transferring them beyond Ukraine. The currency account of the company was also used for the conversion of dollars into hryvnia. The total amount of transactions was about USD 626.348 mln.
Zaporizhya Titan and Magnesium Plant as well as Nadra Bank belongs to Dmitri Firtash’s Group DF.
