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Six suspects announced, one detained over Rotterdam+ coal pricing scheme | KyivPost

The National Anti-Corruption Bureau of Ukraine (NABU) has issued notices of suspicion to six individuals involved in Rotterdam+, an infamous coal pricing schemes that many believe fuels corruption.

Of the six people issued notices on Aug. 8, one has already been detained.

According to NABU detectives, in three years, the scheme resulted in Hr 18.8 billion ($748 million) worth of losses to Ukrainian electricity consumers.

“We finally gathered enough evidence to issue (notices of) suspicion to these people,” said Nazar Kholodnytsky, Ukraine’s chief anti-corruption prosecutor, during an Aug. 9 press-conference.

NABU opened a criminal investigation into the controversial scheme in March 2017.

The scheme was simple: The coal, necessary for the operation of thermal power plants, was supplied from Dnipropetrovsk Oblast and from Russian-occupied areas in the Donbas region.

But the price was formed as if the coal was delivered from Rotterdam, a city in the Netherlands. It made the price much higher than it should have been.

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Six suspects announced, one detained over Rotterdam+ coal pricing scheme | KyivPost – Ukraine’s Global Voice.

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