- The deputy failed to declare cryptocurrency worth over 200 million hryvnias
- For three years, he submitted false information in his declarations
- Some transactions were conducted through verified accounts on exchanges
Law Enforcement Discovers Large-Scale Concealment of Digital Assets
In Poltava region, a city council deputy is officially suspected of declaring false information. Investigators found that from 2022 to 2024, he did not indicate digital assets worth over 200 million hryvnias in his declarations.
This is reported by Business • Media
According to the Office of the Prosecutor General, this concerns cryptocurrency owned by the deputy and his relatives. In 2025, he submitted amended documents, partially indicating some intangible assets and transactions related to them, but this information was also inaccurate.
Schemes Involving Crypto Exchanges and Cash
According to data from the National Police, the deputy and his wife had verified accounts on an international cryptocurrency exchange. During the declaration period, digital assets flowed into these accounts, but these funds were not reflected in the tax declarations. Furthermore, the investigation established that the official regularly transferred significant amounts of cash to exchange points for further conversion into cryptocurrencies.
During searches at the residences of the suspect, his relatives, and close associates, law enforcement seized financial documentation, receipts for currency transactions, bank cards, notes, and mobile phones. The collected materials may indicate the illegal origin of the digital assets.
“Based on the collected evidence, the deputy has been served a notice of suspicion for providing false information in the declaration under Part 2 of Article 366-2 of the Criminal Code of Ukraine. The penalty for this article includes up to two years of imprisonment with a simultaneous ban on holding certain positions.”
According to local media reports, this concerns Oleksandr Kalutskyi, a deputy of the Poltava City Council.
It is worth noting that previously, the highest number of declarations indicating crypto assets in Ukraine were submitted by employees of the National Police and the Prosecutor’s Office in 2022.