Supreme Court ordered bank to pay Ukrenergo's debt

The Supreme Court ordered the commercial bank Alliance to pay the national energy company Ukrenergo funds as security for unpaid electricity from United Energy LLC. The facts were investigated in the case of businessman Mykhailo Kiperman.

This was reported by the press service of the National Anti-Corruption Bureau, without naming the defendants. According to media reports, this concerns Kiperman and his case, which was recently transferred to the High Anti-Corruption Court for hearing.

The Supreme Court fully satisfied the cassation appeal of PJSC NPC Ukrenergo and provided the state-owned company with the opportunity to collect funds from JSC Bank Alliance as collateral for unpaid electricity from United Energy LLC. The subject of this complaint formed the basis of criminal proceedings by NABU and SAP. In March 2022, United Energy LLC purchased electricity from Ukrenergo for more than UAH 716 million. One of the commercial banks acted as the guarantor of payment, and the decision to issue the guarantee was made by the chairman of the board alone and in violation of the procedure

The authority added that the purchased electricity was subsequently sold to real market participants, and the funds received were transferred to the accounts of a controlled foreign company. Ukrenergo never received the money for the electricity supplied. When the company applied to the guarantor bank with a demand to repay the debt, it was refused.

We will remind, earlier the SAPO referred the case of Ukrenergo against Kiperman and others to court.

Later, it became known that the Appeals Chamber of the High Anti-Corruption Court left the case in the High Anti-Corruption Court on charges of businessman Mykhailo Kiperman in organizing a scheme to seize electricity from PJSC NPC Ukrenergo for over UAH 716 million and money laundering.