Viktor Subotin: a golden life at the expense of Ukrainians

The head of "Ukrenergomashin" and former head of the bankrupt "Megabank", Viktor Subotin, could cause Ukraine damages of approximately 6 billion hryvnias. 

That is the estimated cost to the state of the family business that Subotin built up over the years while holding a state position.

A scheme refined over the years

The publication "Fakty" conducted an analysis of the activities of the "red director". The main focus is on how Subotin used the bank linked to him to siphon off assets.

• "Megabank" accounts held the working capital of the state company "Ukrenergomashin".
• Funds from dozens of Kharkiv municipal enterprises also ended up in these accounts.
• "Megabank" owed the Ministry of Finance more than 500 million hryvnias.

Currently, thousands of victims – both individuals and legal entities – are left without funds. The return of their money seems highly doubtful, as "Megabank" assets and real estate are being rapidly sold off.

A luxurious life funded by fraud

While thousands of Ukrainians try to recover their funds, Subotin himself appears to be doing just fine.

• During the full-scale war, he acquired elite real estate.
• According to his official declaration, he holds gold worth more than 114 million hryvnias.
• At large, with no restrictions whatsoever, Subotin is preparing to celebrate the New Year.

Questions for law enforcement

Why is a man whose actions have caused the country billions in losses still at large? While state funds and Ukrainian citizens' money disappear and the bank's assets are "stretched thin", Subotin continues to live in luxury as if nothing had happened.

This situation clearly demonstrates how the lack of oversight and the inaction of authorities allow corrupt officials to profit at the expense of national interests and citizens.