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Three suspects detained in Finland for money laundering on bulletproof vests for Ukrainian Armed Forces

The suspects embezzled about EUR 5.7 million during the procurement of ammunition for the Ukrainian Armed Forces.

Three suspects detained in Finland for money laundering on bulletproof vests for Ukrainian Armed Forces
Photo: NABU

On 11 March, three people were detained in Finland on suspicion of laundering funds of the Ministry of Defence of Ukraine during the purchase of personal protective equipment worth EUR 5.7 million, the National Anticorruption Bureau of Ukraine (NABU) reports.

The detention was carried out thanks to the joint work of NABU detectives, the SAPO and the National Bureau of Investigation of the Criminal Police of the Republic of Finland, on 11 March 2024, three people were detained in Finland on suspicion of laundering funds of the Ministry of Defence of Ukraine during the purchase of personal protective equipment worth EUR 5.7 million.

The property of one of the detainees, a Finnish citizen, was seized.

"Among the detainees is a representative of a private company that failed to deliver 50% of the bulletproof vests purchased and fully paid for to the Ministry of Defence. The detainees spent part of these funds on the purchase of luxury cars and real estate," the NABU said. 

The NABU will use the collected evidence in the criminal proceedings on the misappropriation of funds of the Ministry of Defence during the purchase of bulletproof vests. Measures are being taken to ensure compensation for the damage caused.

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