Ukrainian authorities conduct raids against officials, oligarch amid corruption claims

Ukrainian authorities conducted raids Wednesday against former and current officials, and an oligarch, amid a recent crackdown regarding claims of corruption in the government.

The Security Service of Ukraine (SBU) said in a statement on Telegram that it exposed large-scale embezzlement schemes of 40 billion Ukrainian hryvnias ($1 billion) by the former management of the Ukrnafta and Ukrtatnafta oil companies.

“It was established that illegal mechanisms were combined with tax evasion and legalization of funds obtained through criminal means,” it said.