At the initiative of the SBI, the property of the fugitive oligarch was transferred to ARMA

At the initiative of the State Bureau of Investigation, the property of the fugitive oligarch has been transferred to the National Agency of Ukraine for Finding, Tracing and Management of Assets (ARMA).

The property was seized as part of the investigation of the SBI on suspicion of the oligarch and his accomplices of embezzling 113 million USD from the Bank «Finance and Credit».

On February 28, 2025, the Pechersk District Court of Kyiv satisfied the petition of the prosecutor of the Office of the Prosecutor General to transfer to ARMA the corporate rights of 16 enterprises, that belong to the oligarch's sphere of influence. Among them is 49.5% of the authorized capital of Private Joint – Stock Company «Poltava Mining and Processing Plant».

Today, the court order has been submitted to ARMA for execution.

It should be reminded, that the SBI served notification of suspicion to the oligarch and a number of leaders of the bank in the case of embezzlement of 113 million USD of a financial institution.

The property of the suspected oligarch and related legal entities was seized, including shares of his enterprises worth hundreds of millions of hryvnias, corporate rights of partnerships, 26 real estate objects.

The property of other legal entities associated with the former Peoples Deputy of Ukraine is also under arrest, including 14 property complexes, shared ownership of 21 property complexes, 30 non-residential premises, 10 apartments and a yacht.

In October 2020, seized assets worth over 300 million UAH were transferred to ARMA. Those assets include corporate rights, funds, and 26 real estate objects, including health centers, hotels, residential and commercial premises in the central parts of Kyiv, Kharkiv, Poltava, and Kryvyi Rih with a total area of over 22 thousand square meters.