Offshore companies could win Yanukovych’s money by court action

Source : 112 Ukraine

These entities may count on understanding and even support of European courts, - Prosecutor General’s Office of Ukraine
09:03, 15 January 2018

Foreign offshore companies can get back the money that belonged to the ‘clan’ of Viktor Yanukovych, the former Ukrainian president; this is possible if there’s respective verdict of the court. Serhiy Horbatyuk, the chief of the Special Investigations Department of Prosecutor General’s Office said this during his interview with Ukrainian media.

‘If there are companies that prove they earned this money in an honest manner, but for some reason, they could not get it back – they can actually turn to European courts and count on the jury taking into account their arguments,’ he said.

Related: Case of Yanukovych’s money: Court decision held in secret

In June 2016, Ukraine’s State Service for Financial Monitoring blocked 1.5 billion U.S. dollars on the accounts of individuals and entities close to Yanukovych and other former Ukrainian officials. Prosecutor General’s Office found out that the money was kept in a hundred accounts; the funds were transferred from Ukraine via a number of offshore companies. In March 2017, the Ukrainian court ruled that the money will be seized.

Related: GPU does not confirm originality of court ruling on asset forfeiture of Yanukovych's funds

Related: Secret document reveals scheme of state plundering in Ukraine by Yanukovych, - Al Jazeera

Related: Yanukovych’s defense team fails to appear at session hall

Related: Yanukovych's defense to appeal to US State Department due to attempts to suspend it

Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

see more