The NABU-SAPO accuse former SPFU head Dmytro Sennychenko and nine other people of misappropriating over UAH 700 million from Odesa Portside Plant and United Mining and Chemical Company, as well as laundering over UAH 10 billion.

According to the prosecution, former head of the State Property Fund of Ukraine Dmytro Sennychenko, together with other persons, was involved in organizing a criminal organization and misappropriating over UAH 700 million in funds of state-owned enterprises in 2019–2021. Members of the criminal organization are also accused of laundering property worth over UAH 10 billion.

The first episode concerns Odesa Portside Plant, 99.56% of whose shares are owned by the state. According to the investigation, in early 2020 Sennychenko helped get loyal members elected to OPP's supervisory board. These persons later agreed to appoint a person controlled by Sennychenko as director. This may refer to Mykola Synytsia, who became head of OPP in 2020.

However, the main mechanism of the crime at OPP consisted precisely in establishing control over procurement and the processing of tolling raw materials. OPP's exclusive partner was Agro Gas Trading (AGT), a company controlled by Sennychenko, which supplied gas to the plant in exchange for the manufactured products: ammonia and urea. The company sold the fertilizers on the market and kept all the revenue, while OPP received only a fixed fee for manufacturing services.

According to the investigation materials, members of the criminal organization repeatedly and unlawfully extended supplementary agreements with AGT. This made it possible to keep the tolling processing rates artificially low. However, to avoid unwanted attention from law enforcement due to the constant groundless extensions, the organizers decided to stage and announce a competition for a new supplier.

When the plan failed and the “friendly” company did not win, the tender results were unlawfully cancelled. In particular, Sennychenko allegedly reached an agreement with the actual winner of the competition, Ihor Kolomoiskyi's company Ukrnaftoburinnia, to cancel the competition. The second competition was also blocked, and major chains such as OKKO and SOCAR were turned down.

As a result, from May 2020 to October 2021, OPP was deprived of over UAH 600 million due to the manipulations.

The second episode concerned United Mining and Chemical Company, 100% of which is owned by the state through the SPFU. According to the NABU-SAPO, in October 2020, just as in the previous case, Sennychenko secured the appointment of a loyal acting director of UMCC. In 2020–2021, the latter concluded four contracts for the sale of titanium-bearing raw materials. The counterparty was a Czech company controlled by an adviser to Sennychenko. The raw materials were sold at understated prices, causing losses to the state budget exceeding UAH 111 million.

Subsequently, the proceeds of the corruption schemes were moved to foreign accounts. The investigation also alleges that members of the criminal organization unlawfully laundered property worth over UAH 10 billion.

The main individual in the scheme is Dmytro Sennychenko, former head of the State Property Fund of Ukraine, whom the investigation also considers the organizer and leader of the criminal organization. Sennychenko is charged under Article 255(1), Article 209(3), and Article 191(5) of the Criminal Code of Ukraine. In November 2023, the NABU updated the notices of suspicion to the individuals in the case, adding the laundering of illegally obtained funds.

Notably, in 2020 Dmytro Sennychenko established himself as a corruption whistleblower by turning down multimillion bribes. For example, he filed a report with the NABU about being offered a $5 million bribe for appointing a controlled head of Odesa Portside Plant, at the very time when the now-exposed criminal scheme was operating. As the NABU later claimed, the former official did this to build a corresponding image and to eliminate competing suppliers as part of the criminal scheme.

The individuals in the case also include:

• Andrii Hmyrin, co-organizer of the crime and a person close to the SPFU head, who served as adviser to the SPFU head until 2017;
• Yurii Lypka, adviser to the SPFU head;
• two former acting directors of Odesa Portside Plant, Mykola Parsentiev and Mykola Synytsia;
• Artur Somov, acting head of UMCC;
• two owners of Agro Gas Trading, Volodymyr Kolot and Oleksandr Horbunenko;
• banker Pavlo Prysiazhniuk: the individuals in the case moved money to EPI Group and Belanto, which are linked to him;
• Serhii Bairak, a private individual who selected and coordinated key persons for positions at OPP: he entered into a plea agreement with the investigation, which the HACC approved in December 2024;
• Denys Kudin, executive vice president for corporate strategy and development at Ukrnafta PJSC, who was appointed first deputy head of the SPFU on May 26, 2021.

Vladyslav Klishchar, co-owner of the Czech company Belanto trade s.r.o., was also an individual in the case. The materials concerning him were severed into separate proceedings due to the in absentia investigation.

On February 19, 2026, the NABU-SAPO announced new notices of suspicion in the case to four more persons. According to the NABU website, they are:

• Zoia and Anatolii Hmyrin, the parents of Andrii Hmyrin;
• Olena Kolot (Hmyrina), Andrii Hmyrin's sister and Volodymyr Kolot's wife;
• Yuliia Menshun (Klishchar), an accountant.

To launder the corrupt proceeds, the individuals in the case, who are in the United Arab Emirates, set up companies abroad and used them to buy luxury real estate, including entire floors in residential complexes, premium cars, and land plots in Croatia. In total, over UAH 300 million was “laundered” through the scheme in the UAE. More on this episode here.

According to Bihus.Info, Andrii Hmyrin's family has at least three companies in the United Arab Emirates. Through its firms, the family of Sennychenko's former adviser acquired at least a villa and five land plots on the French Riviera for EUR 5 million, as well as a Cranchi Settantotto 78 yacht for EUR 5.5 million. In addition, six real estate companies in Croatia are registered to Andrii Hmyrin's parents. The financial statements of these firms record movements of millions of euros, whose origin may be linked specifically to the machinations at OPP and UMCC.

A plea agreement was concluded with one of the individuals in the case, namely Serhii Bairak. Although Bairak held no official positions at OPP, the investigation established that he was an active member of the criminal organization. His role, assigned by SPFU head Dmytro Sennychenko, a friend of Bairak's since their university years, consisted in selecting and coordinating key personnel at the Fund and in OPP's management to implement the corruption schemes.

By the court's decision, Bairak received a 5-year suspended prison sentence with a 1-year probationary period and a fine of UAH 8,500. In addition, he undertook to compensate the state for UAH 100,000 in losses caused. On March 12, 2025, the HACC Appeals Chamber dismissed the appeal of another individual in the case, who had tried to challenge the mention of his data in the materials of Bairak's verdict. The court ruled that the presence of personal data in the annex to the verdict does not violate this person's presumption of innocence.

Pavlo Prysiazhniuk also tried to appeal Bairak's verdict on the grounds that the total losses in the case amount to UAH 11.4 billion, while Bairak undertook in his agreement to compensate only UAH 100,000. Prysiazhniuk feared that, because of this, the state would recover the remaining billions in losses from other individuals in the case, including himself. However, the HACC Appeals Chamber dismissed the appeal, given that the civil liability and the verdict concerning Bairak do not decide the question of Prysiazhniuk's guilt and impose no obligations on him.

The NABU-SAPO are searching for the individuals in the case, most of whom have fled abroad. According to court rulings, Dmytro Sennychenko lives in Valencia, Pavlo Prysiazhniuk in Vienna, and Andrii Hmyrin in Dubai. The pre-trial investigation was repeatedly suspended because the figures in the case were on the wanted list.

Extraditing the individuals in the case from EU countries is complicated by two factors: martial law in Ukraine and these countries' concerns about detention conditions. However, since the Cabinet of Ministers has designated a list of facilities where extradited persons may be held, some countries, including Germany, have already consented to extradition. Extradition proceedings are underway in Austria, where most of the individuals are located, in Spain regarding Sennychenko himself, and in the United Kingdom.

In January 2025, the NABU-SAPO, with the help of French and Italian law enforcement, seized a premium-class yacht worth EUR 5.5 million. Judging by the photo on the NABU website, this is the yacht of Andrii Hmyrin's family.

In addition, as part of the joint investigation team's work, real estate with a total value of EUR 6.5 million was seized in France, and luxury cars and jewelry in Austria.

According to Censor.NET, there are documents indicating that Bankova Street was aware of the money being made at OPP and UMCC. In particular, this is the testimony of former SPFU deputy head Serhii Ihnatovskyi, who worked at the Fund from October 2019 to July 2020 and sat on OPP's supervisory board.

According to Ihnatovskyi's testimony, Sennychenko brought in his university friend Serhii Bairak to find intermediaries, and through him reached Andrii Hmyrin, who became the main coordinator and the “political cover” of the criminal organization. Sennychenko told his deputy directly that Hmyrin was lobbying the Fund's interests in the Presidential Office through Serhii Shefir and Timur Mindich, and that the appointment of controlled persons to state-owned enterprises was therefore the “political will” of the country's leadership.

As part of this scheme, Mykola Synytsia was appointed director of OPP on Hmyrin's recommendation, and the plant's management board was later reshuffled under pressure. Ihnatovskyi claims that key decisions, including those on competitions for the supply of tolling raw materials, were made in the interests of AGT. When Ukrnaftoburinnia won an open competition in 2020 with a price that was profitable for the plant, Sennychenko personally intervened in the process, ordering the auction to be halted and its results later canceled, citing a direct instruction from the Office of the President. After the competition was derailed, the SPFU head allegedly boasted to Ihnatovskyi that “Bankova is pleased” and that AGT would pay hundreds of thousands of dollars in reward for it.

Besides Hmyrin, the testimony mentions Denys Kudin, who was initially an unofficial consultant and later replaced Ihnatovskyi as SPFU deputy head, and banker Pavlo Prysiazhniuk, whom Sennychenko introduced as the “overseer from the Presidential Office” (in particular, on behalf of Serhii Shefir) for economic matters. The witness states that because he resisted these appointments and refused to take part in distributing the money from AGT, Sennychenko forced him to resign, citing dissatisfaction on the part of the Presidential Office.