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Zelensky’s close associate flees country hours before police raids targeting 70 properties, at least $100 million stolen

In yet another sign of the rampant corruption in Ukraine, Ukrainian security forces raided the apartment of Timur Mindich, a businessman associated with President Volodymyr Zelensky. However, the oligarch had already left the country just hours before, likely after being tipped off by an insider.

Ukraine’s National Anti-Corruption Bureau (NABU) says that $100 million is believed to have been siphoned off due to a “money laundering operation,” and other associates were involved. The 15-month investigation featured 1,000 hours of wiretapping and resulted in 70 raids, according to NABU.

There are numerous reports speculating that Mindich, who has close connections to Israel and just celebrated his birthday there, fled to Israel, but so far, most media reports do not disclose his destination country.

In a statement, NABU indicated that several individuals had formed a criminal gang and built “a large-scale corruption scheme to influence strategic enterprises in the public sector, in particular Energoatom.”

The scheme involved forcing Energoatom’s counterparties to pay kickbacks of approximately 10 to 15 percent of contract values in order to avoid having payments for services or goods blocked, or possibly losing their status as suppliers, the bureau reported.

NABU indicated that the raids and arrests were a part of an operation code-named “Midas,” with the initial investigations already launched in 2024.

“Particular attention was paid to cryptocurrencies. Most operations, including cash withdrawals, took place outside Ukraine. For example, during foreign delegations of representatives of state bodies and the management of state-owned energy sector enterprises,” NABU notes.

Zelensky’s deep ties with potential fugitive

In a sign that Ukraine’s love affair with Zelensky may be over, the Kyiv Independent is detailing how deeply entwined Zelensky is with Mindlich, writing:

Mindich, 46, is from the city of Dnipro in central Ukraine. He is a film producer and former business partner of Ukrainian oligarch Ihor Kolomoisky.

He reportedly has links to Israel. Mindich celebrated his birthday in Israel in September, returned to Ukraine in mid-October and then went to Israel again, according to Ukrainska Pravda’s sources.

Mindich is also a long-time friend of Zelensky, with whom he co-owned production company Kvartal 95 until Zelensky transferred his stake to partners after being elected president in 2019.

Mindich also co-owns Green Family Ltd, a Cypriot firm that co-founded film production companies in Russia, according to Radio Free Europe/Radio Liberty (RFE/RL).

Kolomoisky told Ukrainska Pravda in 2022 that Mindich had introduced him to Zelensky before he became president.

In 2019, Zelensky drove an armored car provided by Mindich, RFE/RL reported.

Notably, Zelensky ran into serious hot water with the entire European Union when he attempted to eliminate NABU’s independence, which sparked outrage in Brussels. At the time, it sparked the first large-scale protests in the city since the war broke out. Zelensky was forced to backtrack, but the investigation into his associate may have played a vital role in Zelensky’s efforts to neuter NABU.

As part of the investigation, NABU and the Special Anti-Corruption Prosecutor’s Office (SAP) released excerpts from audio recordings featuring conversations between individuals using the pseudonyms “Rakieta,” “Tenor,” and “Karlson.” They discussed investments in the energy sector, the distribution of bribes, and potential personnel changes within the Ministry of Energy and Enerhoatom itself.

According to reports from the website “Ukrainska Pravda,” the suspects include Mindich as well as Justice Minister Herman Halushchenko, whose home was also searched. He previously served as energy minister.

President Volodymyr Zelenskyy addressed the matter in his evening address, emphasizing the need to hold those responsible accountable.

“All effective measures against corruption are crucial. The certainty of punishment is essential. Enerhoatom currently provides the largest share of energy production in Ukraine. Cleanliness at this company is a priority,” Zelenskyy said.

Already, three in four Ukrainians believe Zelensky is at fault for corruption in the country. This latest case is sure to ramp up pressure on his regime, which refuses to hold elections.

According to a survey conducted by the Foundation for Democratic Initiatives and the Kyiv International Sociological Institute, with the support of the Prague Center for Civil Society, 77.6 percent of Ukrainian respondents blame the Ukrainian leader for endemic corruption.

Notably, Hungarian Prime Minister Viktor Orbán is coming under fire from the EU for refusing to move forward with Ukraine’s EU membership, despite the fact that it is rife with corruption, is currently engaged in a war with Russia, and has abandoned democracy long ago, including canceling opposition parties, refusing to hold elections, and shutting down numerous media outlets.

Russia recognizes how embarrassing the raids on Zelensky’s associate are and how potentially dangerous they are for his continued rule.

Vladimir Rogov, chairman of the Commission of the Civic Chamber of the Russian Federation, stated that “Mindich is one of Zelensky’s main wallets, but not the only one. Now there is a surge of panic and fear in Zelensky’s entourage. And troubled times are coming for Zelensky himself.”

He described “panic” inside Zelensky’s regime, and he said that his entourage is now accusing NABU of working with Russia.

“It will look doubly ridiculous. NABU is a purely American tool for controlling funds and combating Zelensky’s exorbitant thievish appetites,” Rogov said.

November 12, 2025 Posted by | Corruption | , , | Leave a comment

Selecting Syrsky: The Untold Half of the Zaluzhny Story

By Ted Snider | The Libertarian Institute | February 23, 2024

There were probably many reasons why Ukraine’s President Volodymyr Zelensky fired Ukraine’s popular commander in chief of the armed forces, Valerii Zaluzhny, on February 8, but one of the biggest seems to have been a disagreement over how to go forward in a war that seemed to have overwhelmingly turned against them. Zelensky spoke of a need for “the same vision of the war,” and Zaluzhny said “a decision was made about the need to change approaches and strategy.”

When the war began, Zelensky said that Ukraine “will definitely win” but stressed life over land. “Our land is important, yes, but ultimately it’s just territory.” He said that “Victory is being able to save as many lives as possible. Yes, to save as many lives as possible, because without this nothing would make sense.”

But actions speak louder than words. Zelensky began to define victory as the reclamation, not only of land lost during the war, but of Crimea and all of Ukraine’s pre-2014 territory. Zelensky insisted that Ukraine stay on the offensive. He insisted on moving forward, “Whether it’s by a kilometer or 500 meters, but forward every day.”

Zaluzhny saw Zelensky’s strategy of fighting for Bakhmut and Avdiivka at any cost as a strategic disaster that was costing Ukraine too much in weapons and in lives. Zaluzhny argued for preserving lives over forfeitable territory, lest Ukraine lose its land and its army.

In General Oleksandr Syrsky, Zelensky found the commander who would execute his vision and carry out his orders. Syrsky fought the Battle of Bakhmut. His performance there, and in other battles, gave him the reputation of a commander who is willing to give orders that lead to little real gain and lots of real loss of life. “Some soldiers say his orders are unreasonable, at times sending men to their obvious deaths,” The Washington Post reports. According to The Economist, he “has a reputation for being willing to engage the enemy, even if the cost in men and machines is high.” His reported willingness to put “his men in danger to reach his military goals” has earned him the nicknames “Butcher” and General 200, 200 being the code for a soldier’s corpse. Syrsky is also seen as being a commander who is close to Zelensky and who will not question his orders.

The replacement of Zaluzhny by Syrsky signals Zelensky’s intent to push ahead with the suicidal war of attrition and fight for every inch of land despite the cost in lives.

Aware of the optics of the choice in the public and, perhaps especially in the armed forces, Kiev assuaged the perception of Syrsky as “being indifferent to military casualties.” In his first statement as commander in chief, Syrsky said, “The lives and well-being of our servicemen have always been and remain the main asset of the Ukrainian army.”

But, again, actions speak louder than words. General Syrsky’s first words were about protecting the lives of his men, but his first actions were about fighting for every inch of territory.

On February 11, just three days after the change in command, Syrsky ordered the reinforcement and defence of Avdiivka, a strategic town that faced imminent loss to the Russian army and enormous loss of Ukrainian lives. Zaluzhny would have withdrawn his troops, preserved lives and moved the front to more defensible positions.

Syrsky deployed the 3rd Separate Assault Brigade, one of the best armed and trained and most successful brigades in the Ukrainian Armed Forces.

It did not go well. It went exactly as Zaluzhny said it would, and Syrsky was forced to respond exactly as Zaluzhny had said they should. But now the response was carried out in disarray instead of in an orderly, planned fashion. Perhaps Zelensky should have stuck with Zaluzhny.

In sending in reinforcements instead of retreating, Syrsky said the “goal of our operation is to exhaust the enemy, inflict maximum losses on him.” The opposite happened.

Less than a week later, on February 17, Syrsky announced the withdrawal of Ukrainian troops from Avdiivka. “Based on the operational situation around Avdiyivka, in order to avoid encirclement and preserve the lives and health of servicemen,” he said, “I decided to withdraw our units from the city and move to defense on more favorable lines…The life of military personnel is the highest value.” That’s exactly what Zaluzhny advised Zelensky to do.

But the situation was worse than at first reported. Zaluzhny would have preplanned the retreat and executed it according to a plan. Zelensky and Skysky’s stubbornness turned the already costly loss into a disaster.

CNN at first reported that “Ukrainian forces are currently conducting a relatively controlled withdrawal from Avdiivka.” There were “indications,” though, “that not all Ukrainian units were able to escape an ever-tightening noose.” Though “the withdrawal was carried out in accordance with the plan that had been developed…a number of Ukrainian servicemen were taken prisoner at the final stage of the operation, under pressure from the enemy’s superior forces.”

Three days later, the situation was becoming clearer. Senior Western officials, The New York Times reported, now say that “Hundreds of Ukrainian troops may have been captured by advancing Russian units or disappeared during” what they now call, “Ukraine’s chaotic retreat from the eastern city of Avdiivka.” The Times was now calling it “a devastating loss.”

And hundreds may have been an understatement. Further down in the article, the Times reports that “soldiers with knowledge of Ukraine’s retreat estimated that 850 to 1,000 soldiers appear to have been captured or are unaccounted for.” There are unconfirmed reports of even higher numbers of dead and wounded.

That may not have happened under Zaluzhny, who long ago conceded that Avdiivka would fall and would have preplanned the retreat. Some Ukrainian soldiers and Western officials say “the Ukrainian withdrawal was ill-planned and began too late,” according to the Times. They say that “a failure to execute an orderly withdrawal, and the chaos that unfolded Friday and Saturday as the defenses collapsed, was directly responsible for what appears to be a significant number of soldiers captured.”

Suddenly, the 3rd Separate Assault Brigade was not assaulting but desperately trying “to cover the retreat.” The retreat was chaotic: “…some units pulled back before others were aware of the retreat. That put the units left behind at risk of encirclement by the Russians.”

But the true story may be even worse. Military analyst Stephen Bryen reports that the disaster may have begun before the reinforcements even arrived at Avdiivka. Some of the brigades Syrsky brought in gathered and organized in the nearby town of Selydove. Bryen says the Russian military discovered they were there and struck with missiles. Between 1,000 and 1,500 Ukrainian soldiers were reportedly killed.

Bryen says that when the 3rd Separate Assault Brigade arrived in Avdiivka, they found a desperate situation. They reportedly discarded Syrsky’s orders and retreated. Some reportedly surrendered. Syrsky then announced the troop withdrawal and the fall of Avdiivka.

Zelensky’s choice of Syrsky over Zaluzhny was, in part, the choice to maintain the course of a war of attrition to hold and retake all Ukrainian territory. Syrsky’s first orders fulfilled that choice in Avdiivka. It went exactly as Zaluzhny said it would but worse because Zelensky and Syrsky tried to defy the battlefield reality that Zaluzhny recognized. Perhaps Zelensky should have stuck with Zaluzhny.

February 23, 2024 Posted by | Militarism | , | Leave a comment

Is the Kiev regime now killing foreign journalists to hide its corruption?

By Drago Bosnic | December 26, 2023

Back in August this year, reputable Egyptian investigative journalist Mohammed al-Alawi revealed exclusive materials regarding the purchase of a villa worth nearly $5 million by a woman named Olga Kiyashko. This would hardly be newsworthy if the person in question wasn’t the mother-in-law of the Kiev regime frontman Volodymyr Zelensky. According to the documentation al-Alawi presented, the lavish compound is located in the so-called VIP area of the city of El Gouna on the Red Sea coast. Zelensky’s mother-in-law acquired the villa in May for 150 million Egyptian pounds (approximately $4,860,000). This is rather peculiar, given that Zelensky’s income before he took power in 2019 was ₴28 million (hryvnia), which is around $750,000.

Ever since, his wealth increased exponentially. Although sources vary significantly, Zelensky’s current net worth that not even the mainstream propaganda machine denies is roughly $20 million. The actual number could be orders of magnitude higher, but for the sake of the argument, let’s say it’s true. Still, the question arises, how did he manage to accomplish a 25-fold increase in wealth? Worse yet, this “remarkable” accomplishment happened in the middle of an “evil Russian invasion”. However, it should be noted that the reason why his net worth is extremely likely to be much higher lies in the fact that he surely wouldn’t invest a quarter of his wealth into a luxurious villa that probably costs tens of thousands in maintenance per month.

Still, the more important question is where did the money come from? Obviously, the question is rhetorical, but the Neo-Nazi junta and its NATO overlords wouldn’t want anyone to start asking it, let alone giving the most obvious answer. Egyptian sources indicate that much of the so-called “Ukrainian elite” acquired property in Egypt, particularly in the aftermath of the special military operation (SMO). However, Al-Alawi “dared” to do his job and investigate the matter and it seems that he really hit the hornet’s nest by revealing this information. Namely, several news outlets reported that he was found dead near the El Hadaba road in Hurghada. Local police said that his body had numerous abrasions, fractures, bruises and a traumatic brain injury.

The investigation has so far concluded that al-Alawi was beaten to death. His family and relatives said that they feared for their lives ever since he revealed the details of his investigation. Namely, both al-Alawi and his family have been receiving death threats for months. Interestingly, the mainstream propaganda machine and its “independent fact-checkers” fought tooth and nail to “debunk” al-Alawi’s findings and even launched a smear campaign against him. However, Egyptian authorities are now suspecting that special services (most likely the SBU) were involved in al-Alawi’s murder. This is hardly surprising, given that murdering foreign journalists and anyone who doesn’t bow to the Neo-Nazi junta has become its common practice.

In this particular case, the goal was to punish al-Alawi for exposing Zelensky and undermining the image of a “war hero” that the Kiev regime and the political West have been trying to create since the SMO started. What’s more, it’s not impossible that al-Alawi had additional information about the rampant corruption of the Neo-Nazi junta and its leadership, the extent of which is difficult to overstate. The sheer magnitude of embezzlement on all levels of government has prompted the Kiev regime’s American backers to actively disrupt any audits. Such investigations would certainly reveal the enormous extent of the Neo-Nazi junta’s corruption. This would only exacerbate its funding issues, as the GOP-dominated Congress can’t wait for an excuse to cut it completely.

And yet, corruption scandals keep springing up everywhere in Ukraine. In recent days, a senior Defense Ministry official was arrested for embezzling $40 million allocated for the purchase of artillery munitions. The unnamed official is said to have committed fraud by using state funds to purchase shells at inflated prices. His home was searched by the police who found documentation that confirms he ran the scheme. It should be noted that the Kiev regime forces are experiencing chronic shortages in artillery munitions. This means that the unnamed official effectively contributed to the problem that is so severe now that Ukrainian artillerymen are forced to limit their fire support only to larger formations and completely ignore smaller Russian units.

Corruption scandals are so common that the Neo-Nazi junta is simply unable to prevent people from leaking information about it. The Defense Ministry is particularly involved in such embezzlement schemes, as evidenced by ongoing investigations into the acquisition of sub-standard bulletproof vests, as well as the purchase of food supplies and uniforms at inflated prices. One of the more recent scandals was when Zelensky fired all officials in charge of conscription commissions. Namely, they were essentially selling exemption notices and making it possible for the more well-off people to avoid being sent to the frontline. This is creating tensions with the political West, as both the US and EU are deeply irritated by the lack of battlefield results.

Drago Bosnic is an independent geopolitical and military analyst.

December 26, 2023 Posted by | Corruption, Full Spectrum Dominance | , | Leave a comment