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Anti-Corruption Court Weighs Pretrial Measure for Ex-Energy Minister Halushchenko on Money-Laundering Charges

Prosecutors seek his pretrial arrest with nearly ₴426 million bail during a hearing on a preventive measure.

Overview

  • Prosecutors asked the High Anti-Corruption Court to jail Herman Halushchenko with an alternative bail of ₴425.984 million and electronic monitoring, citing flight risks and prior foreign travel.
  • On February 16, the Specialized Anti-Corruption Prosecutor’s Office formally notified him of suspicion for money laundering and participation in a criminal organization in the 'Midas' case.
  • NABU detained Halushchenko at the border on February 15 under Article 208 and brought him to Kyiv, and he now challenges the detention as unlawful and denies attempting to flee.
  • Investigators allege more than $112 million in cash from energy-sector crimes was laundered via an Anguilla fund, Marshall Islands companies within a St Kitts and Nevis trust, Swiss banks, cryptocurrency and an investment vehicle, with evidence gathered through cooperation with 15 countries.
  • SAP says over $7.4 million, 1.3 million Swiss francs and €2.4 million reached accounts or were paid in cash to his family in Switzerland, with some funds covering children’s schooling and deposits.