The Office of the Prosecutor General and the Economic Security Bureau have reported the dismantling of a large-scale underground financial network that operated throughout Ukraine and, according to the investigation, was used for tax evasion and the laundering of criminally obtained funds. During more than 30 searches across 16 regions, law enforcement officers seized cash in various currencies totalling over 630 million hryvnias in hryvnia equivalent. According to UkrMedia sources, the network in question is the KIT Group.
- The OGP and the BEB have reported that a large-scale shadow financial network has been uncovered.
- More than 30 searches have been carried out in 16 regions of Ukraine.
- Cash in various currencies, with a hryvnia equivalent of over 630 million hryvnias, was seized.
- The network was used to carry out currency exchanges, money transfers within Ukraine and abroad, as well as transactions involving digital assets.
How the financial network operated
According to the investigation, those involved in the scheme were engaged in the exchange of cash and digital assets, and also organised the transfer of funds between various cities in Ukraine and abroad. Within the network, such transactions were referred to as «reshuffles».
Law enforcement officials claim that the financial transactions were carried out without the necessary authorisations, and that the income received was not recorded in the company’s accounts or tax records.
The operation used the premises of unlicensed currency exchange bureaux operating under a well-known brand name. Under the guise of ordinary currency exchange bureaux, customers were also offered the opportunity to convert cash into digital assets.
Over 630 million hryvnias in cash
As part of the criminal proceedings, law enforcement officers carried out more than 30 searches carried out simultaneously across 16 regions of Ukraine.
During the investigation, large sums of cash in various currencies were seized, including Russian roubles. The total amount of funds seized exceeded 630 million UAH in hryvnia equivalent.
Pros. information During the searches, no documents were produced to the OGP that would confirm the lawful origin and proper accounting of the seized cash. In addition to the cash, law enforcement officers seized computer equipment, mobile phones and draft documentation. Investigators believe that these materials may contain information about the network’s structure, its clients and the transactions carried out.
Sources refer to the KIT Group
According to sources UkrMedia, the investigation concerns a network KIT Group. The official statement from the Office of the Prosecutor General does not mention the name of the company or the trade mark — it refers only to a «well-known brand».
At the same time, the name «KIT Group» had already appeared in public court documents in 2026. Rulings by the Pechersk District Court of Kyiv described a network of ‘shadow’ currency exchange outlets operating under the KIT Group brand, through which, according to the investigation in another criminal case, transactions involving electronic and virtual assets were carried out without the necessary licences.
In the same documents, the investigators claimed that customers could transfer USDT to specified crypto wallets, after which they would receive a code and the address of a cash-out point. The documents also referred to transactions being carried out without customer identification and without the issuance of supporting documents. These are allegations made by the pre-trial investigation authorities, which must be proven in accordance with the procedure laid down by law.
The investigation is ongoing
The OGP reports that the pre-trial investigation is ongoing. Law enforcement agencies are identifying all those involved in the network’s activities, the origin of the seized funds and the scale of the transactions carried out.
No information has yet been released regarding the final number of suspects or any possible precautionary measures in the current proceedings.
The Office of the Prosecutor General specifically emphasised the presumption of innocence: a person is presumed innocent until their guilt has been established by a court conviction.
