Court seized shares in authorized capitals of companies owned by russians

At the initiative of the State Bureau of Investigation, the court arrested shares in the authorized capitals of two companies from Ivano-Frankivsk region. The total value of assets is about UAH 70 million.

The SBI employees found out that the actual owners of these companies are russian citizens who tried to hide it in order to avoid confiscation of property to the state budget. They set up an offshore company through which they controlled production activities.

It was also established that these companies evaded taxes.

The pre-trial investigation on the fact of tax evasion by these enterprises has been initiated (Part 2 of Art. 212 of the Criminal Code of Ukraine). The amount of losses to the state budget may reach tens of millions of hryvnias.

On October 12, the court seized corporate rights in the amount of more than 90 percent of the authorized capital of both enterprises. The issue of their transfer to the Asset Recovery and Management Agency is being decided, and special confiscation of property will also be initiated.

Procedural guidance is provided by the Ivano-Frankivsk Regional Prosecutor's Office.