NABU notifies ex-Energy Minister Halushchenko of suspicion in Midas case

Investigators accuse Halushchenko of money laundering and participating in a criminal organization (Part 2 Art. 255, Part 3 Art. 209 of the Criminal Code). Detectives detained the ex-minister on Feb. 15 while he was attempting to flee Ukraine.

The Scheme: Anguilla & Marshall Islands

Investigation showed that a criminal group — exposed by NABU in Nov. 2025 — registered a fund in Anguilla (UK overseas territory) in Feb. 2021 to "attract" about $100m.

To hide Halushchenko's involvement, two companies were created in the Marshall Islands, integrated into a St. Kitts and Nevis trust. The beneficiaries were the ex-minister's former wife and four children.

NABU found that during Halushchenko's tenure, the criminal organization received over $112m in cash from illicit energy sector activities via a proxy known as "Rocket." Funds were laundered through cryptocurrency and the offshore fund.

Over $7.4m was transferred to family-controlled fund accounts. Additionally, the family received over 1.3m CHF ($1.45 million) and 2.4m EUR ($2.5 million) in cash or direct transfers in Switzerland.

Midas Operation

Halushchenko served as Energy Minister (2021–2025) and briefly as Justice Minister (July–Nov 2025).

Midas case targets a massive corruption scheme allegedly organized by businessman Timur Mindich. The group reportedly demanded 10–15% kickbacks on Energoatom contracts.

In October, NV reported that Halushchenko maintained influence over energy companies even after moving to the Justice Ministry, cooperating primarily with Mindich.