Poltava City Council Deputy Suspected of Concealing Over ₴200 Million in Cryptocurrency
- The MP failed to declare digital assets worth more than 200 million hryvnias.
- He submitted false information in his declarations for three years in a row.
- Some of the transactions were hidden through verified accounts on the stock exchange.
In Poltava region, a deputy of the city council was notified of suspicion of declaring false information. According to the investigation, in 2022-2024, he failed to declare digital assets worth more than UAH 200 million hryvnias.
The Prosecutor General’s Office clarified that these are virtual assets owned by the MP and his relatives. In 2025, he submitted revised documents, which partially indicated intangible assets and related transactions, but this data also proved to be unreliable.
According to the National Police, the MP and his wife had verified accounts on an international cryptocurrency exchange through which they received digital assets during the declaration period, but these revenues were not reflected in their income tax returns.
The investigation also found that the official systematically transferred large amounts of cash to exchange offices where the funds were converted into cryptocurrency.
During searches at the residences of the defendant, his relatives and close associates, law enforcement officers seized financial documents, currency transaction receipts, bank cards, draft records and mobile phones. All these materials may confirm the illegal origin of the assets.
Based on the evidence collected, the MP was served with a notice of suspicion of submitting false information in the declaration under Part 2 of Article 366-2 of the Criminal Code of Ukraine. The sanction of the article provides for up to two years in prison with a simultaneous ban on holding certain positions.
It should be noted that Poltava Today stated that it was a deputy of the city council, Oleksandr Kalutsky.
Earlier, we reported that in 2022, the National Police and the Prosecutor’s Office filed the most declarations with crypto assets in Ukraine
You May Also Like
American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight
a16z Targets $2 Billion Crypto Fund as Venture Capital Eyes Blockchain Recovery
