Susidka Olena Yakivna

Co-founder of Concord Bank — organized a cash-out scheme through bank safety deposit boxes of employees and a fictitious contract of UkrTatNafta for $20 million

Olena Susidka (also known as Olena Sosedka-Mishalova), together with business partner Vadym Yermolaiev, organized a scheme whereby Ukrainian companies transferred funds to accounts exhibiting signs of fictitiousness, after which the money was cashed out through individual bank safety deposit boxes registered to Concord Bank employees. The conversion center was managed by bank employee Andriy Korchahin — the bank received a percentage of the amount.

"UkrTatNafta", Swiss offshore and Austrian Raiffeisen

In 2022, proceedings were initiated regarding a fictitious foreign economic contract of UkrTatNafta with Swiss NORDWIND TRADE SA for $20 million — funds were transferred through Concord Bank to an account at Austrian Raiffeisen Bank. According to OSINT data, Olena Susidka was a participant in the scheme and was the subject of covert investigative actions.