In January 2024, the NABU and the SAPO exposed a scheme to misappropriate electricity from PJSC NPC Ukrenergo and to launder the funds obtained from its sale. The losses amount to over UAH 716 million.

The investigation established that in March 2022, United Energy LLC, at the time one of the largest traders in Ukraine, purchased electricity from PJSC NPC Ukrenergo worth over UAH 716 million. One of the commercial banks — Alliance Bank — acted as the guarantor of the banking operations. The decision to issue the fictitious bank guarantee was taken by the chair of the board, Yuliia Frolova, single-handedly and in violation of the procedure.

The electricity was then sold to real market participants, and the funds received were siphoned off to the accounts of a foreign company, while Ukrenergo never received the money for the electricity supplied. When Ukrenergo turned to Alliance Bank with a demand to repay the debt, it was refused.

Yuliia Frolova's actions were classified under Article 364-1(2) of the Criminal Code of Ukraine.

In addition to the chair of the board of Alliance Bank, the following are charged in the criminal scheme:

• the organizer of the scheme, Mykhailo Kiperman — Article 191(5) and Article 209(3) of the Criminal Code of Ukraine;
• Dmytro Kondrashov, director of a department of PJSC NPC Ukrenergo — Article 364(2);
• Andrii Korotkevych-Leshchenko, director of a private company — Article 191(5) and Article 209(3).

Yuliia Frolova headed Alliance Bank from March 2022 while abroad. In January 2024, the NABU announced that Yuliia Frolova, Mykhailo Kiperman, and Dmytro Kondrashov were being placed on the wanted list. The last known country of the accused's whereabouts is the Slovak Republic.

Lawyer Oleksii Nosov offered SAPO prosecutors and NABU detectives an unlawful benefit in exchange for which they were to radically alter the course of the investigation into Yuliia Frolova, namely:

• resume pre-trial investigation in the criminal proceedings;
• change the classification of Frolova’s acts to another article, which is not within the jurisdiction of the NABU;
• notify her of the change of the previously served suspicion notice;
• sever the proceedings concerning Frolova;
• transfer these proceedings from NABU to the National Police.

According to the investigation, the financial scheme to save Yuliia Frolova from NABU was to be carried out in two stages: after the first four points had been fulfilled (changing the suspicion and severing Frolova's proceedings), the lawyer planned to hand over $100,000, and after the case was successfully redirected to the police — the final $100,000.

On June 9, 2026, the verdict against Oleksii Nosov was announced. The HACC found the lawyer guilty of offering an unlawful benefit to SAPO officials. He was sentenced to 4.5 years' imprisonment. In addition, he was banned from practicing law for three years. The court also applied special confiscation to $100,000.

Both Alliance Bank and the Miller Law Firm issued official statements emphasizing that they were not involved in the lawyer's unlawful actions. The financial institution stated that the bank does indeed have a legal-assistance contract with Miller, but that it had never given the firm's employees any unlawful assignments. For its part, the Miller Law Firm stated that it was shocked by Oleksii Nosov's actions. The attorneys' association officially distanced itself from its colleague's conduct and announced the termination of any professional and employment relationship with him.