One Thousand UAH in Capital and Billion-Scale Assets: “Stop Corruption TV” Prepares Investigation into ARMA’s Tender to Manage “Morshynska”

This week, “Stop Corruption TV” will publish a video investigation into how LLC Legal Bureau “Priority” with a charter capital of one thousand hryvnias became the winner of the competition for managing seized assets of IDS Ukraine — one of the largest mineral water producers in Ukraine.

The story concerns a group that owns brands “Morshinska,” “Myrhorodska,” and “Alaska.” According to the company, IDS Ukraine controls more than 40% of the bottled water market, and its revenue in 2025 year amounted to 7,4 billion hryvnias. The assets were transferred to ARMA management through a link of some shares with sanctioned Russian oligarch Mikhail Fridman.

21 September ARMA Commission named “Priority” the winner of the contest. According to registers, the company has a thousand hryvnias of charter capital, about 8,4 thousand hryvnias of net profit for 2025 year, and one person on staff. This decision has attracted the attention of Anastasia Radina, head of the Anti-Corruption Committee of the Verkhovna Rada.

Journalists from “Stop Corruption TV” studied the documents that “Priority” submitted for the competition and visited the addresses of companies connected with the winner.

In the investigation:

why the experience of management was confirmed by lease agreements for a printer, laptops, and a bookshelf between structures led by the same person;

what discrepancies in document dates academy lawyers and a member of parliament consider possible signs of fictitiousness or forgery;

who is Serhiy Herman, entrusted with the business strategy of “Morshinska,” and how he is connected with the competitor — “Rosinka”;

to whom business connections around the winner lead, including a bank guarantee proposal and the chain that Anastasia Radina pointed to;

why asset valuations of “Morshinska” differ by about 3 billion hryvnias and what this threatens.

Meanwhile the fate of the contest is being decided in court: 29 September the Dnipropetrovsk Administrative Court temporarily prohibited ARMA from signing a contract with “Priority” and transferring assets to it.

We have sent requests to ARMA and the Bureau of Economic Security and are awaiting responses.