The SBI served notification of suspicion to one of the managers of JSC "Bank “Finance and Credit", who stole more than half a billion hryvnias

The SBI employees served notification of suspicion to ex-Deputy Chairman of the Board of JSC "Bank “Finance and Credit", who had stolen almost half of billion hryvnias in the interests of the owner - an ex-oligarch.

The former owner of institution in 2010 organized a criminal group through which the bank's money has been stolen, harming the Ukrainian economy. Before withdrawal of funds and its further legalizing, he had involved, among others, an official of JSC "Bank “Finance and Credit"– Deputy Chairman of the Management Board, who also served as a member of the bank's credit committee.

With his help almost 560,5 million hryvnias was stolen. The former owner knew for sure that the bank's financial assets include bank deposits of individuals and legal entities and funds received within refinancing from the National Bank of Ukraine.

The ex-owner of the Bank trough fictitious persons gained control over the private company, which fakely received credit funds from the bank. The decisions were made by the Bank's Credit Committee, which included the Chairman and members of the Management Board of JSC "Bank “Finance and Credit", including the Deputy Chairman of the Management Board, who were close to ex-oligarch.

After transferring money to the commercial structure it was transferred to non-resident companies that were controlled by the oligarch for their further legalization.

The ex-Deputy Chairman of the Board of Bank was served notification of suspicion under Part 1 of Article 255, Part 5 of Article 191 of the Criminal Code of Ukraine (embezzlement of property in particularly large amounts as part of a criminal organization).

He was detained, the issue of choosing a measure of restraint in a form of detention in custody is being decided.

It should be reminded, as part of the investigation of criminal proceeding, the ex-oligarch was served notification of suspicion of committing criminal offences under Part 3 of Article 27, Part 5 of Article 191, Part 3 of Article 209 of the Criminal Code of Ukraine.

The properties of suspected oligarch and the related to him legal entities have been arrested.

In particular, the shares of his enterprises have been arrested for hundreds of millions of hryvnias, the corporate rights of companies and 26 real estate objects. Also, the properties of other legal entities related to the former deputy were arrested.

Among other, it is 14 property complexes, 21 parts of property complexes, 30 non-residential premises and 10 apartments.

In October 2020 the seized assets, worth more than 300 million hryvnias, were transferred to the National Agency of Ukraine for Finding, Tracing and Management of Assets

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