Ukrainian poultry producer could face a corruption inquiry

Ukraine’s President, Volodymyr Zelenskiy, has called for anti-corruption bodies to investigate how MHP SE received significant subsidies from the state budget.

19 July 2019, at 11:10am

According to reporting from Reuters, the President called for anti-corruption bodies to examine how MHP SE, the country’s leading agricultural and poultry producer, received nearly $97 million in subsidies from the state budget in the 2017-2018 fiscal year.

When speaking at the anti-corruption meeting, Zelenskiy stated, “In fact, it does not need state support, having excess profit, it annually pays huge dividends to its shareholders.”

Zelenskiy requested that anti-corruption bodies examine the financial records of the company.

In March, MHP reported that its board of directors had approved payments of an interim dividend of nearly $80 million. The company did not respond to Reuters’ request for comment.

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