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Ukrainian Police Detain Naftogaz CEO

© RIA Novosti . Grigory Vasilenko / Go to the mediabankUkrainian Police Detain Naftogaz CEO
Ukrainian Police Detain Naftogaz CEO - Sputnik International
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Police have detained Yevhen Bakulin, the CEO of the national oil and gas company Naftogaz, Ukrainian acting interior minister Arsen Avakov said in an online post on Friday.

KIEV, March 21 (RIA Novosti) – Police have detained Yevhen Bakulin, the CEO of the national oil and gas company Naftogaz, Ukrainian acting interior minister Arsen Avakov said in an online post on Friday.

He said the CEO was detained “as part of an investigation into corruption schemes in the oil and gas industry.”

Avakov said in Facebook that only three separate corruption episodes currently being investigated by police may have cost the state about $4 billion.

Bakulin is suspected of heading a "criminal group" whose members include other senior officials, Avakov said.

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