Ukraine has dismissed Mykola Hladyshenko as chair of the supervisory board of state-owned Sense Bank after NABU released recordings that it says show the bank was used to launder 150 million hryvnias ($3.3 million) to post bail for a former minister.

The Cabinet’s 21 August decision ended Hladyshenko’s powers and appointed a state representative to the board to help restore a quorum. The Finance Ministry and National Bank of Ukraine (NBU) must now ensure the bank is properly governed and prepare it for sale.

New recordings changed the NBU’s assessment

The NBU’s 20 August decision followed a review opened in May, when recordings linked to the wider Mindich case raised questions about Hladyshenko’s independence. The regulator twice asked Ukraine’s anti-corruption agencies for evidence, but they could not release pretrial investigation materials. Hladyshenko stepped aside while the review continued.

NBU Governor Andrii Pyshnyi told Parliament that new public evidence changed the regulator’s assessment. The material suggested that Hladyshenko’s withdrawal had been merely formal and that he continued to influence the bank.

It also raised questions about the remaining board members’ oversight. That evidence emerged on 19 August as part of Operation “Forest Gump”.

The Mindich tapes are recordings from NABU’s investigation into an alleged $100 million kickback network at state nuclear operator Energoatom. They are named after businessman Tymur Mindich, a former business partner of President Volodymyr Zelenskyy.

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The NBU also demanded that Sense Bank suspend Liudmyla Snihur, head of the bank’s financial and currency monitoring department, while it investigates possible interference with the bank’s operating systems. The government initiated suspension proceedings against the chair of the management board, Oleksii Stupak.

According to Ekonomichna Pravda’s account of the NABU materials, investigators allege that the group moved illicit cash through Sense Bank, companies under its control, and private individuals before using the money to post bail for former Energy and Justice Minister Herman Halushchenko, a suspect in the Mindich case.

Snihur allegedly helped create a temporary “window” during which transactions passed without the bank’s usual checks.

Sense Bank was already for sale

Ukraine nationalized Sense Bank, formerly Alfa-Bank Ukraine, in 2023 after sanctions barred its Russian-linked owners from controlling it.

Kyiv was preparing to privatize Sense Bank before the current investigation. The government accelerated sale preparations on 20 August and said the proceeds would fund Ukraine’s defense forces.

Hungary has closed the Oschadbank case after finding no crime connected to an $82 million shipment of cash and gold belonging to Ukraine’s state-owned savings bank, The Insider reported on 20 August 2026, citing the bank’s lawyer Lóránt Horváth.

Closing the money-laundering case removes the allegation used to justify seizing Oschadbank’s assets. A separate criminal investigation is examining the couriers’ detention, while Prime Minister Péter Magyar’s government has opened an internal review of the agencies involved. Together with the return of the assets, these steps reverse how this case was handled under former PM Viktor Orbán and may help improve relations with Ukraine.

Hungary’s National Tax and Customs Administration (NAV), the country’s tax and customs authority, traced the assets to a documented deal between Austria’s Raiffeisen Bank International and Oschadbank. Raiffeisen provided records establishing the assets’ origin and Oschadbank’s payment, according to Horváth’s account of NAV’s decision.

Meanwhile, a separate investigation into the couriers’ alleged unlawful detention remains open. János Hajdu, the former head of Hungary’s Counter-Terrorism Center (TEK), is a suspect. TEK is the country’s armed counterterrorism police.

A leaked prosecution document named former Prime Minister Viktor Orbán and three other former officials, including Hajdu, among those involved in deciding on the operation. Orbán has not been named as a suspect, Euronews reported on 30 June.

Orbán denies wrongdoing and says the raid was lawful.

How the Oschadbank case began

TEK stopped two armored cash-in-transit vans near Budapest on 5 March 2026. They carried $40 million, €35 million, and nine kilograms of gold from Vienna to Kyiv under a routine banking contract, Euromaidan Press reported. Officers detained the seven Oschadbank employees as witnesses, kept them handcuffed for 28 hours, and denied them lawyers and Ukrainian consular access, Ukraine’s Foreign Ministry said.

Hungary deported the couriers and imposed three-year Schengen bans, which barred them from most of Europe, although none had been charged with a crime. The orders and bans were later annulled.

Orbán’s government nevertheless portrayed the shipment as possible money laundering. Fidesz politicians also alleged, without evidence, that it was intended to finance Magyar’s then-opposition party, Tisza.

Hungary returned the vans, cash, and gold by 6 May. Ukrainian Foreign Minister Andrii Sybiha called the handover a break with Orbán-era “lawlessness” and a sign that relations could advance through “mutual respect and healthy pragmatism,” Reuters reported.