Based on materials of the SBI, the court seized 1.5 billion UAH from a former member of parliament. The funds were transferred to ARMA

Based on materials of the State Bureau of Investigations, the court granted the request of prosecutors from the Office of the Prosecutor General to transfer more than 1.5 billion UAH (over 35 million USD) to the National Agency of Ukraine for Finding, Tracing and Management of Assets (ARMA).

These funds and securities were held in accounts at a bank in the Grand Duchy of Luxembourg and were seized as part of criminal proceeding.

The owner of the assets is a former member of Parliament who served several terms. He was formerly the deputy head of the Party of Regions faction and the head of the Kyiv City State Administration.

According to the investigation, he was running a secret business abroad for years, controlling offshore companies registered in Panama, Hong Kong, Cyprus, and the British Virgin Islands. These companies generated considerable profits for him every year, but he did not pay taxes to the Ukrainian state budget.

With operational support of the Security Service of Ukraine, the State Bureau of Investigation is investigating a criminal case involving tax evasion on an especially large scale. In September 2024 the employees of the State Bureau of Investigation served notification of suspicion to this former deputy for tax evasion.

Currently, the measures are underway to determine the circumstances of the unlawful activity and compensation for the state losses.

The procedural guidance is provided by the Office of the Prosecutor General.