Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Ukraine charges six people, including lawmaker, in drone procurement scheme
    Headlines

    Ukraine Charges Six People, Including Lawmaker, in Drone Procurement Scheme

    Published by Global Banking & Finance Review®

    Posted on August 4, 2025

    2 min read

    Last updated: January 22, 2026

    Add as preferred source on Google
    The image illustrates Selwood Asset Management's proposal for Louis Hachette to change its stock market listing, emphasizing potential growth and visibility in the finance sector.
    Selwood Asset Management advocates for Louis Hachette market listing change - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:insurancefinancial servicespublic procurementGovernment funding

    Quick Summary

    Ukraine charges six, including a lawmaker, for embezzling funds in a drone procurement scheme, highlighting anti-corruption efforts amid EU aspirations.

    Ukraine Charges Six Individuals, Including Lawmaker, in Drone Fraud Case

    Ukraine's Anti-Corruption Crackdown

    KYIV (Reuters) -Ukraine said on Monday it had charged six people including a lawmaker and a government official for embezzling funds in the purchase of drones and jamming equipment for the military.

    Details of the Charges

    Kyiv relies on a steady supply of drones and electronic warfare systems to fight Moscow's invasion and is also waging a crackdown on graft critical to its future in the European Union.

    Government Response and Implications

    Anti-corruption authorities said on Saturday they had uncovered a scheme involving the legislator, one сurrent and one now sacked official, a National Guard commander and two businessmen, giving kickbacks for purchases at inflated prices.

    Background on Drone Procurement

    "In 2024–2025, an organised criminal group systematically misappropriated funds allocated by local authorities for defence needs," the National Anti-Corruption Bureau said in a statement, adding the bribes totalled around 30% of the contracts' value.

    The drone contract was worth $240,000 with an inflation of about $80,000, the bureau said.

    President Volodymyr Zelenskiy, who sparked a public furore last month for briefly scrapping the independence of two anti-corruption agencies, praised the move on Saturday after meeting the agency heads.

    Besides the lawmaker, those charged on Monday include a former governor and regional administration chief, the head of a city military administration, the commander of a National Guard Unit, and the director and the owner of a drone manufacturer.

    None of the suspects were identified. The equipment was locally manufactured.

    (Reporting by Dan Peleschuk; Editing by Andrew Cawthorne)

    Table of Contents

    • Ukraine's Anti-Corruption Crackdown
    • Details of the Charges
    • Government Response and Implications
    • Background on Drone Procurement

    Key Takeaways

    • •Six individuals charged in Ukraine for drone procurement fraud.
    • •Involvement of a lawmaker and government officials in the scheme.
    • •Fraudulent contracts inflated by 30% in value.
    • •Ukraine's anti-corruption efforts tied to EU membership goals.
    • •Local manufacturing involved in the procurement process.

    Frequently Asked Questions about Ukraine charges six people, including lawmaker, in drone procurement scheme

    1What is embezzlement?

    Embezzlement is the act of wrongfully taking or misappropriating funds placed in one's trust or belonging to one's employer.

    2What is anti-corruption?

    Anti-corruption refers to measures and policies aimed at preventing corruption, promoting transparency, and ensuring accountability in both public and private sectors.

    3What are kickbacks?

    Kickbacks are payments made to someone as a reward for facilitating a transaction or appointment, often considered a form of bribery.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Pope Leo names Australian bishop to lead Vatican's legal office
    Pope Leo Names Australian Bishop to Lead Vatican's Legal Office
    Image for Russia says it supplies fuel to Cuba as humanitarian aid
    Russia Says It Supplies Fuel to Cuba as Humanitarian Aid
    Image for Iranian strikes pose ‘existential threat’, Gulf states tell UN
    Iranian Strikes Pose ‘existential Threat’, Gulf States Tell UN
    Image for Russia says it remains in contact with US on Ukraine settlement
    Russia Says It Remains in Contact With US on Ukraine Settlement
    Image for Putin allies Lukashenko and Kim meet in North Korea
    Putin Allies Lukashenko and Kim Meet in North Korea
    Image for Denmark's Frederiksen faces tough coalition talks to remain prime minister
    Denmark's Frederiksen Faces Tough Coalition Talks to Remain Prime Minister
    Image for UK police arrest two men over arson attack on Jewish community ambulances
    UK Police Arrest Two Men Over Arson Attack on Jewish Community Ambulances
    Image for Cricket-Bairstow joins Livingstone in criticising level of care in England set-up
    Cricket-Bairstow Joins Livingstone in Criticising Level of Care in England Set-Up
    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    Image for British army veteran completes record 100km Land Rover pull
    British Army Veteran Completes Record 100km Land Rover Pull
    Image for Pope Leo laments that Iran war 'getting worse and worse'
    Pope Leo Laments That Iran War 'getting Worse and Worse'
    View All Headlines Posts
    Previous Headlines PostIveco Coordinated Closely With Italian Government on Tata, Leonardo Deals, Says Source
    Next Headlines PostUkraine Bets Big on Interceptor Drones as Low-Cost Air Shield