Midas case: NABU officially reports suspicion to former Energy Minister Galushchenko
Former Minister of Energy and Justice Herman Galushchenko has been officially declared a suspect in the “Midas” case. He was detained while trying to leave the territory of Ukraine, and the investigation is ongoing.
This was reported by the National Anti-Corruption Bureau of Ukraine.
According to the investigation, NABU detectives, together with the Specialized Anti-Corruption Prosecutor’s Office, have expanded the circle of suspects in the “Midas” case. The former Minister of Energy of 2021–2025 is suspected of money laundering and participation in a criminal organization.
The investigation found that in February 2021, a fund was registered on the island of Anguilla, which was supposed to attract about $100 million in “investments.” It was headed by a citizen of the Seychelles and St. Kitts and Nevis, who, according to the investigation, provided money laundering services.
The fund’s investors included the suspect’s family. To conceal their involvement, they created two companies in the Marshall Islands, integrated into a trust structure registered in St. Kitts and Nevis. The company’s beneficiaries were the official’s ex-wife and four children.
These companies purchased shares of the fund, after which the members of the criminal organization transferred funds to the fund’s accounts opened in Swiss banks. According to the investigation, during the suspect’s tenure, through a proxy known as “Rocket”, the criminal organization received more than $112 million in cash from illegal activities in the energy sector.
These funds were laundered through various financial instruments, including cryptocurrency and investments in the fund. The investigation found that more than $7.4 million was transferred to the fund accounts managed by the suspect’s family. Another more than 1.3 million Swiss francs and 2.4 million euros were issued in cash or transferred directly to the family in Switzerland.
Part of the money was spent on paying for the children’s education in educational institutions in Switzerland, the rest was placed in the accounts of his ex-wife and deposits.
On February 15, 2026, NABU detectives detained the suspect while attempting to leave Ukraine. He was informed of suspicion under Part 2 of Article 255 and Part 3 of Article 209 of the Criminal Code of Ukraine. The investigation is ongoing, and within the framework of the investigation, NABU is cooperating with law enforcement agencies in 15 countries around the world.
It was previously reported that on the night of February 15, NABU and SAPO detained former Energy Minister Herman Galushchenko while attempting to cross the border.
Subsequently, the National Anti-Corruption Bureau confirmed the detention of former Energy Minister Herman Galushchenko while attempting to travel abroad.
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