The Ukrainian Metal

Ukraine: UMCC management was prepared to privatize the company

The management of the United Mining and Chemical Company was prepared to privatize the company in its favor.

“The accusations of the National Anticorruption Bureau of Ukraine of the blocking of the UMCC activities and the breakup of privatization are contrary to the fact and draw the attention away from the real situation at UMCC”, the bureau said.

According to the investigation, the management of the company wanted to privatize UMCC in its favor. The investigators believe that the managers didn’t want to develop the company, took its financial resources, fired personnel and negotiated delivery of products to the temporarily occupied territory.

Earlier the acting chairman of UMCC was detained and accused of damaging the company in the volume of over 300 million UAH. (Ukrainian metal)

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