Court seizes $10,2 million of Yanukovych's entourage

Source : 112 Ukraine

The arrested funds will go to Asset Recovery and Management Agency (ARMA)
14:20, 17 January 2020

Open source

The court seized 10,2 million dollars belonging to the All-Ukrainian Development Bank and held in the accounts of the International Investment Bank and transferred them to the National Agency of Ukraine for finding, tracing and management of assets derived from corruption and other crimes (ARMA). This was reported by the press service of the Office of Prosecutor General of Ukraine.

On January 13, a judge seized 10,2 million dollars of funds that were owned by PJSC All-Ukrainian Development Bank and were held in the accounts of PJSC International Investment Bank.

On Thursday, January 16, the court ruled on the transfer of these funds to the management of Asset Recovery and Management Agency and ordered International Investment Bank to remmit them to the accounts of ARMA.

Related: UK court delays decision-making in Yanukovych debt case

Thus, on January 17, Office of the Prosecutor General of Ukraine appealed to the ARMA, requesting enforcement of the court's order for the arrest of 10,2 million dollars and their transfer to the ARMA.

"These funds were arrested in a criminal proceeding on the legalization of illegally obtained income on financial transactions, which was conducted by the entourage of former President of Ukraine Viktor Yanukovych," the statement reads.

Law enforcement officers also study the legality of PJSC All-Ukrainian Development Bank's funds, which are held in the accounts of PJSC International Investment Bank and establish those involved in this decision.

Related: Lawyer of Yanukovych to become SIB official, investigate Heavenly Hundred case

Система Orphus

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

see more