The Appeals Chamber of the Supreme Anti-Corruption Court overturned the acquittal of the former director of Zaporozhye Titanium and Magnesium Plant LLC Volodymyr Sivak, whose case has been dragging on since 2016. This was reported by the press service of the Specialized Anti-Corruption Prosecutor's Office.
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The VAKS Appeals Chamber found the ex-director guilty of abuse of office (h. 2 st. 364 of the Criminal Code of Ukraine), which led to damage to the plant for UAH 18.6 million.
Sivak sentenced to 3.5 years behind bars.
The case was considered in VACS for the second time. In May 2019, the Factory Court of Zaporozhye acquitted Volodymyr Sivak. In 2020, the VAKS appeals chamber confirmed the verdict and acquitted Sivak. However, the Supreme Court returned the case for retrial..
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Earlier, he was charged with a serious crime - embezzlement of 492 million hryvnias received from Tolexis Trading from the Group DF group of Dmitry Firtash under a joint activity agreement.
LLC " ZTMK was 51% owned by the State Property Fund and 49% owned by Tolexis Trading Limited, where Firtash was the beneficiary.
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Firtash's company received a stake in ZTMK in 2013, when the state created Zaporozhye Titanium and Magnesium Combine LLC with it, which received the property complex of the state enterprise of the same name. Firtash, represented by Tolexis Trading, was supposed to invest $110 million in the enterprise and receive a 49% stake in return.
Firtash succeeded in appointing his management to an enterprise whose decisions spent most of the money on paying off debts on energy resources and to creditors associated with Group DF. Subsequently, these funds were withdrawn from Ukraine by transferring them to the accounts of offshore companies.. Only 20 million were allocated for the modernization of the enterprise.. UAH.
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In April 2015, the state-owned 51% stake in ZTMK LLC was transferred to the management of the state-owned OGCC (United Mining and Chemical Company, originally the State Enterprise Volnogorsk State Mining and Metallurgical Combine). OGCC was established in 2009. It includes Volnogorsk Mining and Metallurgical Plant and Irshansky Mining and Processing Plant, the capacities of which were previously also leased by Firtash.
Since 2016, the state has been seeking the return of ZTMK to state ownership.
The Supreme Court put an end to this case in May 2022, rejecting the cassation of Tolexis Trading and returning the entire property complex of the enterprise to state ownership.
On September 23, 2016, NABU detectives detained the director of ZTMC as part of an investigation into a criminal proceeding on the embezzlement of UAH 492 million.
ZTMK is the only producer of titanium sponge in Europe. The design capacity of the plant is 20 thousand. tons per year.