ARMA head Olena Duma evaded responsibility: billion-dollar scandals and unfulfilled promises

The resignation of Olena Duma from the post of head of ARMA has sparked active discussions, as serious scandals, including the non-receipt of billions of hryvnias, the sale of seized assets at reduced prices, and the disregard for court decisions, marred her management. Will the Duma be able to avoid responsibility for her actions?

Why did Olena Duma resign?

Olena Duma’s dismissal occurred against the backdrop of the adoption of the law on auditing the work of ARMA, which many consider an accident rather than an attempt to avoid detailed analysis and possible responsibility for numerous errors and abuses. Critics emphasize the low efficiency of ARMA’s work under the leadership of Duma.

Lost billions and controversial decisions: the results of ARMA under the leadership of Duma

The recent activities of ARMA have raised many questions. The primary concern is the significant potential for losses to the state, estimated at approximately 6 billion hryvnias. This became possible because the agency implemented less than 20% of court decisions regarding seized assets. Thus, significant financial resources remain unused instead of benefiting the state.

However, this is only part of the problem. There have been many high-profile cases:

The Medvedchuk paintings scandal: ARMA put up for sale paintings belonging to the traitor, completely ignoring the court’s ban on their sale. As a result, buyers who paid 1 million hryvnias have still not received either the works of art or their money, which indicates serious violations.

Transfer of assets to a Russian pharmaceutical company: ARMA transferred the shares of Russian Venta Ltd. that were previously arrested to their former owners. This issue raises reasonable questions: why are the arrested assets being returned to their previous owners instead of being used to serve Ukraine?

Sale of fertilizers at a reduced price: ARMA sold almost 4,500 tons of Russian fertilizers for 32 million hryvnias, although their real market value was at least 75 million hryvnias, resulting in possible budget losses of up to 40 million hryvnias.

Will anyone be punished?

The problems and accusations that have arisen require a comprehensive investigation. Therefore, the resignation of Elena Duma at the moment raises suspicions that she is trying to avoid the consequences of her actions. The possibility that the “effective manager” may leave the country to evade justice is being actively discussed in society.

This event once again highlights the need for transparency and accountability in state structures, particularly in those handling assets seized during the war.