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Ukraine Detains Ex-Energy Minister Halushchenko at Border in $100 Million 'Midas' Corruption Case

Prosecutors say the case centers on laundered Energoatom kickbacks routed through an Anguilla fund.

Overview

  • Anti-corruption officials say Herman Halushchenko was intercepted during an attempt to leave Ukraine and transferred for questioning, with RFE/RL’s Schemes reporting the detention under Article 208 after border guards were alerted.
  • NABU and SAPO state he is suspected of money laundering and membership in a criminal organization tied to Energoatom contracting.
  • Investigators estimate roughly $100–112 million was skimmed from energy deals, including projects to protect power infrastructure from Russian strikes, using surcharges of 10–15 percent.
  • NABU reports a fund registered in Anguilla in February 2021 and related offshore vehicles routed proceeds, with transfers managed by family accounts totaling at least $7.4 million plus 1.3 million Swiss francs and 2.4 million euros.
  • Prosecutors cite about 1,000 hours of recordings that mention a figure nicknamed “Professor,” identified as Halushchenko, while key suspect Timur Mindich has left the country and international cooperation continues.