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Ukraine Foils $40 Million Artillery Shell Embezzlement Scheme.
- Source :
- Bloomberg.com; 1/28/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Ukraine is investigating a case of embezzlement involving $40 million that was meant for artillery shells for the country's army. The suspects include former and current Defense Ministry officials and businessmen who allegedly took the money without delivering any of the contracted 100,000 mortar shells. This incident is part of a series of military procurement scandals that are undermining President Volodymyr Zelenskiy's efforts to combat corruption in the military. The US Defense Department has reported that over $1 billion worth of weapons sent to Ukraine were poorly tracked, and there is ongoing debate in Washington over the release of $61 billion in aid. European leaders may provide €50 billion in funds at an upcoming summit. [Extracted from the article]
- Subjects :
- ARTILLERY
EMBEZZLEMENT
DEFENSE procurement
WAR
SUMMIT meetings
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 175052207