Law enforcers arrested grain stored at Agroinvestgroup facility
The Prosecutor's Office arrested grain stored at Era Grain elevator, a structural division of Agroinvestgroup, 33kanal.com reports.
It is reported that the law enforcement agencies acted in such a way as to prevent the grain from being moved out of the elevator by unauthorized third parties.
"Criminal proceedings have been initiated on this fact on the grounds of an offence under Part 4 of Article 190 of the Criminal Code of Ukraine. As it was established, during 2018, the officials of the elevator, under the pretext of storage, seized sunflower, wheat, soybeans and corn belonging to the defrauded parties, causing damage to the total amount of about UAH 50 million," the Prosecutor's Office commented.
Based on the results of the inspection of the facts presented by the representatives of agricultural enterprises and in order to keep the grain at the elevator, the Prosecutor's Office sent a request to the court to arrest the stored commodities. The Vinnytsya court approved it.
Learn more: Grain Pyramid: The Agroinvestgroup Fraud
Currently, the Era Grain elevator stores 1.7 thousand tons of grain (sunflower and corn). Agrarians cannot export their crops as they were arrested and sold at auction seven times cheaper than the real price as a result of previous owners' debts.
The National Police launched an investigation into the theft of property by Agroinvestgroup officials and filed a search for the owner of Agroinvestgroup Nikolai Kucherenko and his son Vitaliy Kucherenko on suspicion of fraud. Shevchenko District Court of Kyiv (court decision of March 28, 2019) seized the property of Agroinvestgroup in the criminal proceedings which includes the arrest of 322 units of agricultural equipment.
According to the Register of Court Decisions, Quadra Commodities SA, a subsidiary of Suntrade (Bunge Ukraine), Delta Wilmar CIS, Eridon Group, Raiffeisen Bank Aval, TAScombank and Kernel have already filed claims against Agroinvestgroup.