The National Agency on Corruption Prevention (NACP) has uncovered false information totaling ₴5.23 million ($127,000) in the 2024 asset declaration of Maksym Ravchak, head of the Department of Communications at the State Property Fund of Ukraine (SPFU). The official has lived free of charge in an 86.6-square-meter Kyiv apartment valued at ₴5.2 million for over 12 years without declaring it under real estate holdings.
Following an audit conducted from November 2025 to March 2026, watchdog officials stated that the civil servant’s actions show signs of a criminal offense under Part 1 of Article 366-2 of the Criminal Code of Ukraine (false asset declaration).
The Kyiv Scientific Research Institute of Forensic Expertise valued the apartment at ₴5.2 million as of late 2024. Ravchak listed the location exclusively in the personal details section as his residential address and mailing contact, leaving the actual real estate assets section blank.
Ravchak argued that he occupies the apartment based on an informal verbal agreement with the owner, who allegedly opposed publishing personal data due to safety concerns. He claimed there was no intent to conceal the property, pointing out that the address was visible elsewhere in his filing.
The NACP rejected these claims, emphasizing that Ukrainian law requires declaring all used real estate regardless of whether a formal lease exists. Furthermore, agency records revealed that Ravchak acknowledged the reporting error regarding this address back in 2019, yet omitted the property in subsequent years, leading regulators to classify the issue as systemic non-declaration.
«The law mandates disclosing real estate in use regardless of a written agreement. Listing a residential address in the personal info section does not substitute for the designated real estate schedule.»
The investigation revealed additional undisclosed financial data beyond the real estate:
Unreported Income: Omission of ₴31,000 in gambling winnings from FAVBET.
Active Bank Accounts: Omission of accounts at PrivatBank and Ukrgasbank holding active balances and recent transactions. Regulators noted that expired debit cards do not automatically close bank accounts.
Incorrect Position Status: As a Category «B» public servant holding a position of responsibility, Ravchak incorrectly answered «No» on the mandatory position status section.
The NACP will formally notify Ravchak and the SPFU leadership of the findings, affording the official an opportunity to submit a corrected filing.