A high-ranking official within the Ukrainian Defence Ministry has been apprehended on charges of embezzling

USD 40 million (1.5 billion Ukrainian hryvnia) related to a contract for artillery shells, CNN reported the Ukrainian Security Service (SBU).
The SBU alleged that the official, in December of the previous year, entered into an agreement with a specialised export company for the procurement of a substantial batch of artillery shells.

Subsequently, a more advantageous contract for the supply of these shells, excluding intermediaries, thereby reducing delivery time and costs, was later signed with the same manufacturer, CNN reported.

According to the SBU, the defence official extended the original, costlier contract, resulting in the transfer of funds amounting to USD 40 million to the accounts of a connected foreign intermediary firm. The SBU claimed that it is in possession of documents substantiating these illicit activities, with the accused facing a potential prison sentence
of up to 15 years if proven guilty.


Sources:
https://vm.tiktok.com/ZM6S9BPu6/
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https://m.economictimes.com/news/defence/ukraine-detains-defence-official-of-embezzling-usd-40mn-in-artillery-deal/amp_articleshow/106244003.cms