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Ukraine lost 50 mln Euro in Latvia
19:53, 14 September 2016
Ukraine lost 50 mln Euro in Latvia

Latvia confiscated 50 million euros from the accounts of fugitive Ukrainian officials

19:53, 14 September 2016
Open source

Latvia was reported to have confiscated 50 million euros from the accounts of fugitive Ukrainian officials of the times of Viktor Yanukovych. According to assumptions, the money could have been confiscated from the accounts of the former First Deputy Prime Minister of Ukraine Serhiy Arbuzov.

Related: Ukraine is ready to hold talks with Russia on Yanukovych’s debt

General Prosecutor's Office said that it is going to be a long lasting process to return the assets confiscated in Latvia. 

Deputy public prosecutor of the times of Victor Shokin is confident that the law enforcement officers do not intend to prove the illicit origin of funds by Yanukovych's allies.

Latvia was acting logically, confiscating into its own budget the money, which were allegedly illegally taken out of Ukraine, because Ukrainian investigating authorities did not provide any proof of unlawful origin of the money. This was said by former Deputy Prosecutor General Vitaliy Kasko on air of 112 Ukraine TV channel.

"There were no actions made to prove illegality or criminal nature of the funds that were arrested in various countries abroad. And I believe that, unfortunately, this trend will continue, because I do not see any progress in these criminal proceedings and desire to attract former high-ranking officials of Yanukovych times," - Kasko said.

Related: Prosecutor General's Office to question Yanukovych in Russia

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