Kyiv, Ukraine — May 18, 2026

Andriy Yermak, once the second-most powerful official in Ukraine, was released on bail Monday after posting €2.7 million amid accusations of money laundering and embezzlement tied to a luxury real estate development.

Corruption Allegations and Legal Proceedings

Yermak, who served as Zelenskyy’s chief of staff from 2020 to 2025, is accused of participating in a scheme that funneled nearly €9 million from state energy company Energoatom into a high-end residential project called "Dynasty" near Kyiv. The case, codenamed "Operation Midas," is one of Ukraine’s largest corruption investigations since Russia’s invasion in 2022.