Government financial inspection blamed Avangard for obtaining additional UAH 137 M since 2005. According to the official note released by the
inspection, funds were provided by the Ministry of Agriculture as a part of development program for the agricultural sector with the help of cheaper
credits. Inspection also accused owners and management of Avangard, including major owner Oleg Bahmatyuk in secret agreements with
government officials and employees of the banks, which helped Bahmatyuk receive those credits. It was stated in the official note that received
funds were either paid back or transferred to the offshore companies. As the result Avangard is obligated to pay USD 90 M to the government as a
compensation for the illegally attracted funds. Investigation continues at this moment.
 

UAIndex