A deputy of the Poltava City Council has been charged with illegal enrichment for concealing cryptocurrency assets totaling over 340 million hryvnias, equivalent to approximately $7.7 million.
This is reported by Business • Media
How Illegal Enrichment Was Discovered
According to the investigation, the official organized a scheme through which funds were transferred to cryptocurrency wallets via intermediaries. Law enforcement established that these assets were not reported in declarations and tax filings for the years 2022–2025. Such actions may be punishable by imprisonment for up to 8 years, depending on the severity of the offense.
“According to the investigation, the official attempted to conceal assets through cryptocurrency transactions. The prosecution noted that he transferred funds through intermediaries to his own crypto wallets. Law enforcement reported that these assets were not reflected in tax filings and declarations for the years 2022-2025.”
Details of the Case and the Suspect
Local media report that the suspect is City Council Deputy Oleksandr Kalutsky. It is worth noting that in October 2025, he was already charged with providing false information in his declarations. Following a comprehensive review by the National Agency for the Prevention of Corruption, the charge was reclassified under part 2 of Article 366-2 of the Criminal Code of Ukraine.
In his declarations for the years 2022–2024, Kalutsky did not disclose virtual assets worth over 200 million hryvnias, including those registered under individuals close to him. In 2025, he submitted amended declarations; however, as noted by the prosecution, even after corrections, not all information about assets and financial transactions was accurate.
The investigation is ongoing, and law enforcement agencies are verifying the completeness of the reports and the circumstances surrounding the origin of the deputy’s cryptocurrency assets.