Melnychenko made the accusation in a statement posted on his website.
In connection with this accusation, Melnychenko called on Prosecutor-General Viktor Pshonka to file a criminal case against Kuchma and Yuschenko.
"I request that you file a criminal case against former president Leonid Danylovych Kuchma and former chairman of the National Bank of Ukraine Viktor Andriyovych Yuschenko for exceeding their authority during illegal printing of the national currency of Ukraine - the hryvnia - in the amount of UAH 2 billion ($250 million) on the eve of the presidential elections in Ukraine in 1999," Melnychenko said in the statement.
In the statement, Melnychenko cited his tape of a conversation between Kuchma and the then-chairman of the National Bank of Ukraine, Yuschenko, on the eve of the 1999 presidential elections.
According to Melnychenko’s materials, during the conversation Kuchma persuaded Yuschenko to print money and put into circulation one billion hryvnia ($125 million), without which Kuchma would not have been able to win the elections.
The materials indicate that Yuschenko did not want to print money because he understood the consequences of inflation, but Kuchma persuaded him by promising to appoint him as prime minister.
Yuschenko eventually agreed and printed two billion hryvnia ($250 million).
According to Melnychenko, these actions by Kuchma and Yuschenko significantly harmed state and public interests.
Melnychenko believes that the actions of Kuchma and Yuschenko constituted crimes punishable under Article 165 (abuse of authority or position), Article 166 (exceeding one’s power or authority), and special sections of the Criminal Code of 1960.
In connection with this accusation, Melnychenko called on Prosecutor-General Viktor Pshonka to file a criminal case against Kuchma and Yuschenko.
"I request that you file a criminal case against former president Leonid Danylovych Kuchma and former chairman of the National Bank of Ukraine Viktor Andriyovych Yuschenko for exceeding their authority during illegal printing of the national currency of Ukraine - the hryvnia - in the amount of UAH 2 billion ($250 million) on the eve of the presidential elections in Ukraine in 1999," Melnychenko said in the statement.
In the statement, Melnychenko cited his tape of a conversation between Kuchma and the then-chairman of the National Bank of Ukraine, Yuschenko, on the eve of the 1999 presidential elections.
According to Melnychenko’s materials, during the conversation Kuchma persuaded Yuschenko to print money and put into circulation one billion hryvnia ($125 million), without which Kuchma would not have been able to win the elections.
The materials indicate that Yuschenko did not want to print money because he understood the consequences of inflation, but Kuchma persuaded him by promising to appoint him as prime minister.
Yuschenko eventually agreed and printed two billion hryvnia ($250 million).
According to Melnychenko, these actions by Kuchma and Yuschenko significantly harmed state and public interests.
Melnychenko believes that the actions of Kuchma and Yuschenko constituted crimes punishable under Article 165 (abuse of authority or position), Article 166 (exceeding one’s power or authority), and special sections of the Criminal Code of 1960.
Melnychenko has sent to the Prosecutor-General’s Office the relevant statement and a compact disc containing a recording of the conversation that took place between Kuchma and Yuschenko in August 1999.
As Ukrainian News earlier reported, Kuchma asked the Prosecutor-General’s Office in June to reopen the case against Melnychenko.
The Prosecutor-General’s Office filed a criminal case against Kuchma on March 21 on suspicion of involvement in the murder of journalist Georgy Gongadze.
Kuchma is suspected of exceeding his authority by issuing illegal orders to the Ministry of Internal Affairs.
It was earlier reported that Melnychenko considered the statement that it was necessary to reopen the case against him as an attempt to discredit him as a witness in the case against Kuchma.
The Prosecutor-General’s Office opened a criminal case against Melnychenko in January 2001. He was accused of abusing his power by revealing state secrets.
The Prosecutor-General’s Office closed the case in the first half of March 2005.
As Ukrainian News earlier reported, Kuchma asked the Prosecutor-General’s Office in June to reopen the case against Melnychenko.
The Prosecutor-General’s Office filed a criminal case against Kuchma on March 21 on suspicion of involvement in the murder of journalist Georgy Gongadze.
Kuchma is suspected of exceeding his authority by issuing illegal orders to the Ministry of Internal Affairs.
It was earlier reported that Melnychenko considered the statement that it was necessary to reopen the case against him as an attempt to discredit him as a witness in the case against Kuchma.
The Prosecutor-General’s Office opened a criminal case against Melnychenko in January 2001. He was accused of abusing his power by revealing state secrets.
The Prosecutor-General’s Office closed the case in the first half of March 2005.
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