The SBI handed over to the management of ARMA 39 real estate objects worth almost 1 billion UAH, which were illegally withdrawn from the assets of the bank in Kharkiv region

The SBI, in cooperation with the Office of the Prosecutor General, handed over to the management of the Asset Recovery and Management Agency (ARMA) 39 real estate objects of the bankrupt bank in Kharkiv region. The property worth almost 1 billion hryvnias was illegally seized by sanctioned companies affiliated with citizens of the russian federation.

Before the recognition of the institution insolvent and the beginning of the procedure for its liquidation the property had been withdrawn from the ownership of the bank. In 2022-2023, the bank officials together with the leaders of a number of Ukrainian, Cypriot and Latvian companies by forging documents transferred 8 real estate objects in Kharkiv with a total value of more than 360 million hryvnias to the ownership of the third parties.

The deal was organized under the guise of attracting funds of russian origin for almost 12 million euros to the bank's capital as a so-called financial instrument. Meanwhile, the bank was actually crediting counterparties, which have a connection with the shareholder of the institution.

In 2022, the other assets, in particular 31 real estate objects, were sold by the employees of the bank to affiliated companies without the actual receipt of payment for them to the bank. Also, some days before that, the bank had issued loans to the same business structures, which have not been returned yet. Some of these companies had been created a few days before the loans.

As the result of these deals, the state, represented by the Deposit Guarantee Fund of individuals and bank depositors, was caused damage for almost one billion hryvnias.

The withdrawn assets were arrested and transferred to ARMA by the SBI together with the Office of the Prosecutor General.

The pre-trial investigation continues.