- Oops!Something went wrong.Please try again later.
The SBI, together with the Asset Recovery and Management Agency (ARMA) is working on recovering over $113 million of seized funds from the accounts of companies belonging to former MP and shareholder of the defunct Finance and Credit Bank, Kostyantyn Zhevago.
The assets were seized on an order issued by Kyiv’s Pechersk District Court on Oct. 26, 2022, at SBI’s request.
“The Swiss authorities informed SBI that the amount of the frozen assets exceeds $113 million,” the bureau said in a statement.
“Currently, the SBI is taking measures to transfer the seized funds to the ARMA with the assistance of the Swiss side.”
The bureau accuses Zhevago and a number of Finance and Credit Bank's top managers of organizing a mechanism for embezzling $113 million, which harmed the interests of the state and the bank's depositors.
The suspect's property and related legal entities were seized, including shares in his enterprises worth hundreds of millions of UAH, 26 real estate objects, 14 property complexes, 21 parts of property complexes, 30 non-residential premises and 10 apartments, a helicopter, and a yacht.
The SBI cooperates with French authorities, which led to the detention of Kostiantyn Zhevago in a hotel in Courchevel on Dec. 27, 2022.
On March 30, the Court of Appeals in the French city of Chambery dismissed the extradition request for Zhevago, arguing that "the requesting state is at war and in an uncertain situation, so it is not possible to provide the court with guarantees of fundamental freedoms."
Read the original article on The New Voice of Ukraine