Ukraine's State Bureau of Investigation said on Thursday it is preparing, jointly with the Ministry of Justice, to submit an appeal at the High Anti-Corruption Court seeking to nationalize the Poltava mining and processing plant owned by Swiss-headquartered and London-listed miner and iron ore pellets maker Ferrexpo.
In September last year, the Bureau indicted seven officials and employees at Poltava and its investigation revealed the plant's management embezzled over UAH 370 million ($9 million). As part of the pre-trial investigation, this and other property and corporate rights of the company were seized.
