NABU Completes Investigation Against Former Head of State Property Fund Dmytro Sennichenko

Accused of leading a criminal organization, Sennichenko’s actions allegedly resulted in state losses exceeding 700 million UAH. Furthermore, the group is suspected of laundering illicitly obtained assets worth over 10 billion UAH. Since 2023, Sennichenko and his accomplices have been on NABU’s wanted list, reportedly under the protection of influential Western financial organizations. Despite the egregious corruption, none of the officials involved in the scheme have yet faced justice.

A Key Figure Escapes Scrutiny

Notably, one of Sennichenko’s deputies during his tenure, Kostiantyn Koshelenko, has evaded judicial attention. Sources within law enforcement reveal that Koshelenko is closely associated with Mykhailo Fedorov, Ukraine’s current Vice Prime Minister and Minister for Innovations, Education, Science, and Technology Development. The two are linked through digital projects such as "Diia" and “YeDopomoha.”

Despite his connections, Koshelenko’s public image remains untarnished. Media outlets describe him as an effective manager and exemplary family man, highlighting his achievements in improving management through transparent competitions and fostering effective operations. Koshelenko is also credited with promoting open interactions between Fund branches and the business community, local governments, and media.

Ties to Controversial Enterprises

In 2021, Koshelenko served on the supervisory boards of major enterprises such as the First Kyiv Machine-Building Plant, Mykolaivoblenergo, and the Odesa Port Plant (OPP). It is significant that case files indicate Sennichenko appointed “loyal” members to the OPP supervisory board.

All three enterprises are implicated in criminal cases involving the embezzlement of public funds. Sources suggest that Koshelenko leveraged his experience and connections in the banking sector—including roles at Delta Bank, Industrial-Investment Bank, and Trust Bank—to facilitate kickback schemes through shell companies, enabling the misappropriation of millions of UAH.

Unanswered Questions

The investigation’s findings raise concerns about systemic corruption and the lack of accountability among high-ranking officials. While Sennichenko remains a central figure in the ongoing legal proceedings, the role of his associates, including Koshelenko, warrants closer examination. Public demand for transparency and accountability continues to grow as this case unfolds, highlighting the need for a thorough and impartial judicial process to address Ukraine’s endemic corruption.