Ukraine's Energoatom Hit by $100M Corruption Scandal
Ukraine's state nuclear operator Energoatom, which supplies over 60% of the country's electricity, was implicated in a $100 million kickback scheme uncovered by anti-corruption authorities in November.
Energoatom, the operator of three working nuclear plants that generate more than 60% of Ukraine's electricity, has become a symbol of wartime corruption in the country. Anti-graft authorities uncovered a $100 million kickback scheme involving the company last November.
The scandal highlights ongoing governance challenges in Ukraine's critical energy infrastructure sector, even as the country faces wartime pressures. The case remains under investigation, with details limited to the initial disclosure.
Source: First Squawk