Ex-Ukrenergo Chief Volodymyr Kudrytskyi Released on Bail After Fraud Case Detention Order

Investigators allege he and a Lviv businessman siphoned company funds through inflated 2018 reconstruction contracts.

Overview

Kudrytskyi left a Kyiv detention facility after a 13.7 million hryvnias bail was posted, according to RBC-Ukraine cited by RIA Novosti.
The Pechersky District Court had ordered 60 days of custody with an alternative bail and conditions including passport surrender and electronic monitoring.
State Bureau of Investigation officers detained him on October 28 in the Lviv region on charges of large-scale fraud and money laundering.
Prosecutors say he and businessman Ihor Hrynkevych misappropriated 13.7 million hryvnias during tenders for energy-system reconstruction in 2018.
Lawmakers who sought to take him on personal recognizance were denied by the court, and Kudrytskyi rejected the accusations as absurd.