Under the procedural supervision of the Pechersk District Prosecutor's Office of the city of Kyiv, the activities of the "conversion center" were exposed and stopped, the organizers and participants of which, using fictitious companies, provided services to enterprises in the real sector of the economy to withdraw funds, including budget funds, into shadow circulation.

The organizer of the "conversion center", the director of the company, and two accountants have been detained, and a notice of suspicion is being prepared against them under part 3 of Art. 212, part 3 of Art. 209 of the Criminal Code of Ukraine.

According to the investigation, in the period 2023-2025, a group of persons organized by a lawyer, who was previously a high-ranking official of the Tax Authorities of Ukraine, registered a number of firms in Kyiv and the Kyiv region that were used to provide enterprises with services to minimize tax liabilities.

Thus, the organizer of the scheme created 14 fictitious importing enterprises and about 80 "transiter" enterprises. The total amount of operations carried out for 2023-2025 is more than UAH 1.5 billion.

The investigation documented that in the period from July 2024 to May 2025, UAH 127 million were credited to the accounts of one of the enterprises controlled by the specified group for the alleged supply of goods, works, and services that the director and accountants, controlled by the organizer of the scheme, did not reflect in tax reporting declarations with VAT. This led to a deliberate underestimation of the value-added tax from these operations of the company under their control in the amount of UAH 21 million. In the future, these funds, obtained through crime, were transferred to the bank accounts of other controlled enterprises for the alleged payment for goods, works, and services without being reflected in tax and accounting records. That is, these funds were legalized in this way.

In accordance with the requirements of the Law of Ukraine "On Prevention and Counteraction of Legalization (Laundering) of Criminal Proceeds, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction", expenditure operations on accounts of entities controlled by the organizer of economic activity have been stopped.

During the searches, funds, seals of controlled enterprises, bank cards, computer equipment, as well as financial and economic documents recording fictitious transactions were seized.

Prosecutors, along with the Main Department of the SSU in Kyiv and the Kyiv region, with the assistance of the State Tax Service of Ukraine and the State Financial Monitoring Service of Ukraine, have exposed the criminal activity.