Tuesday, September 6, 2016

Yanukovych team embezzled almost UAH 200 bln – financial monitors


The State Financial Monitoring Service of Ukraine during the period of the investigation has blocked in the accounts of individuals and legal entities associated with Ukraine’s ex-president Viktor Yanukovych the funds totaling $1.52 billion.


The Ukrainian Financial Monitoring Service in the period between March 2014 and August 2016, during the investigation of the facts of money laundering by ex-President of Ukraine Viktor Yanukovych and certain officials from his close circle have forwarded to law enforcement agencies 461 case files, according to the agency’s website. According to the files, financial transactions that may be related to the legalization of proceeds from criminal activity amounted to $199.4 billion. 

It is also reported that the SFMS during the period of the investigation has blocked in the accounts of individuals and legal entities associated with Ukraine’s ex-president Viktor Yanukovych the funds totaling $1.52 billion.

In addition, during the said period, the agency has received reports from foreign financial intelligence services on freezing the assets of senior Ukrainian officials for a total amount of $107.2 million, EUR 15.9 million, and CHF 135 million in countries such as Austria, the United Kingdom, Latvia, Cyprus, Italy, Liechtenstein, Switzerland and the Netherlands. As UNIAN reported earlier, the State Financial Monitoring Service of Ukraine has identified 42 non-resident companies close to ex-President Viktor Yanukovych and in June 2014 blocked in the accounts of 19 of such companies $1.5 billion. Prime Minister of Ukraine at the time Arseniy Yatseniuk has repeatedly called on law enforcement agencies to initiate the procedure the confiscation of the funds in favor of the state budget as soon as possible, but these funds have not been returned until now.

President of Ukraine Petro Poroshenko during his annual address to the Verkhovna Rada September 6 urged the deputies to consider as a priority the draft law on special confiscation of assets of ex-President Yanukovych’s entourage and the transfer of recovered funds to the budget for future funding of the needs of the state, especially defense and security.



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