A deputy of the Poltava City Council has been charged with illegal enrichment through the concealment of crypto assets amounting to over 340 million UAH, which is approximately $7.7 million. The investigation believes that the official used intermediaries to conduct cryptocurrency transactions in order to hide the true extent of his assets.
This is reported by Finway
Investigation Details and the Role of Cryptocurrencies
Law enforcement has established that funds were transferred to the deputy’s crypto wallets through third parties. These assets were not reflected in tax declarations and reports for the years 2022-2025. According to the prosecution, this concerns deputy Oleksandr Kalutskyi, who has previously come under the scrutiny of anti-corruption authorities.
“According to the investigation, the official attempted to conceal assets through cryptocurrency transactions. The prosecution noted that he transferred funds through intermediaries to his own crypto wallets. Law enforcement reports that these assets were not reflected in tax reporting and declarations for the years 2022-2025.”
Previous Suspicions and Changes in Declarations
In October 2025, this same deputy was already charged with declaring false information. After an inspection by the National Agency for Corruption Prevention, the suspicion was reclassified under part 2 of Article 366-2 of the Criminal Code of Ukraine.
It was found that in the declarations for the years 2022-2024, Kalutskyi did not declare virtual assets worth over 200 million UAH, part of which was registered under close relatives. In 2025, he submitted amended declarations; however, according to the Office of the Prosecutor General, even after this, the data on assets and financial transactions remained incomplete and inaccurate.
Under current legislation, illegal enrichment can be punishable by imprisonment for up to 8 years, depending on the severity of the offense.
