Former Zelenskyy associate accused in $100 million embezzlement scheme

A erstwhile subordinate of Ukrainian President Volodymyr Zelenskyy has been accused of being the mastermind down a $100 cardinal embezzlement scheme.

Tymur Mindich, who was erstwhile Zelenskyy's concern partner, was identified by Ukraine's anti-corruption watchdogs arsenic being the orchestrator of a strategy involving apical officials and Ukraine's authorities atomic powerfulness company. Prior to the scandal, immoderate feared Mindich's increasing power implicit Ukraine's lucrative industries that helium had entree to due to the fact that of his ties to Zelenskyy.

Mindich allegedly exerted power implicit loyalists who past pressured contractors for Energoatom, Ukraine's state-owned atomic powerfulness company, demanding kickbacks to bypass bureaucratic obstacles. The requested kickbacks were reportedly arsenic precocious arsenic 15%.

Despite his past with Mindich, Zelenskyy was not implicated successful the investigation. The Ukrainian president besides issued sanctions against his erstwhile concern spouse erstwhile the anti-corruption findings were revealed.

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Ukrainian President Volodymyr Zelenskyy participates successful a briefing astatine the Office of the President pursuing a unit gathering successful Kyiv, Ukraine, connected Nov. 7, 2025. (Pavlo Bahmut/Ukrinform/NurPhoto via Getty Images)

On Nov. 11, Ukraine's National Anti-Corruption Bureau (NABU) said that a radical of individuals, including Mindich, "set up a large corruption strategy to power cardinal state-owned enterprises," including the country's state-owned atomic agency, the Kyiv Independent reported. The Ukrainian quality outlet said that sources confirmed instrumentality enforcement searched properties tied to Mindich connected Nov. 10, but helium was tipped disconnected and fled.

Mindich remains astatine large, with Politico reporting that helium fled to Israel arsenic the strategy unraveled and instrumentality enforcement zeroed successful connected him.

"Any effectual actions against corruption are precise needed. The inevitability of punishment is necessary," Zelenskyy said successful an evening address, according to the Kyiv Independent.

Ukrainian President Volodymyr Zelenskyy during a Coalition of the Willing gathering successful London connected Friday, Oct. 24, 2025. (Chris J. Ratcliffe/Bloomberg via Getty Images)

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The NABU's 15-month probe allegedly progressive 1,000 hours of wiretapping and resulted successful 70 raids, the Kyiv Independent reported, citing the agency.

"What we were proceeding lone arsenic rumors present has immoderate evidence," activistic Tetiana Shevchuk of Ukraine’s Anti-Corruption Action Center told The Associated Press. "For a agelong clip we person heard that Tymur Mindich is simply a shadiness controller of the vigor sector."

In summation to Mindrich, Justice Minister Herman Halushchenko, who was Energy Minister from 2021 to 2025, was besides raided, according to the Kyiv Independent, which cited sources.

Flamingo missiles are seen astatine Fire Point's concealed mill successful Ukraine connected Aug. 18, 2025. (Efrem Lukatsky, File/AP Photo)

Mindich was co-owner of Zelenskyy's accumulation institution Kvartal 95, thing that Shevchuk believes pushed him toward politics. The activistic told the AP that Mindich "would person ne'er been successful politics, ne'er been successful a presumption of powerfulness oregon concern without his transportation to Zelenskyy, and this magnitude is worse due to the fact that it’s happening during warfare time, and it is related to vigor infrastructure astatine a clip erstwhile Ukrainians don’t person energy successful their homes."

This isn't the lone NABU probe centered connected Mindich. The anti-corruption bureau is allegedly moving connected a probe into the erstwhile Zelenskyy associate's dealings with Ukraine's apical drone manufacturer, Fire Point. However, NABU has yet to merchandise its findings successful that investigation.

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Fox News Digital reached retired to Zelenskyy's bureau for comment.

The Associated Press contributed to this article.