SHOCKER: $40 Million Earmarked for Military Ammunition Stolen by Corrupt Ukraine Officials
The Security Service of Ukraine (SSU) has uncovered a massive procurement fraud involving approximately $40 million, funds intended to purchase military ammunition.
The SSU announced that the scheme implicated several high-ranking officials within the Ministry of Defense and management figures from Lviv Arsenal, an arms supplier, the Boston Globe reported.
Lviv Arsenal received advance payment for the ammunition in August 2022, but the shells were never delivered.
Instead, the allocated funds intended for buying 100,000 mortar shells were transferred to a foreign commercial entity and subsequently rerouted to another affiliated organization in the Balkans without delivering any ammunition.
“After receiving the funds, the company’s management transferred part of the money to the balance sheet of a foreign commercial structure that was supposed to deliver the ordered ammunition to Ukraine,” the statement said.
