SBI conducts searches in ex-MP's house in money laundering investigation (VIDEO)

SBI employees, in cooperation with the Security Service of Ukraine and the Prosecutor General's Office, are conducting searches at the residence and workplace of a former MP of the first, third and seventh convocations, former deputy head of the banned Party of Regions.

Searches are also being conducted at the residences of the heads of companies controlled by the MP, including those registered in offshore jurisdictions.

The SBI is investigating the former MP's involvement in money laundering in excess of UAH 500 million and tax evasion in 2011-2014, which resulted in a loss of over UAH 63 million to the budget.

The alleged money laundering was carried out through companies controlled by the MP.

The pre-trial investigation is being carried out on the grounds of money laundering and tax evasion (Part 3 Article 209, Part 3 Article 212 of the Criminal Code of Ukraine).

The sanction of the article provides for imprisonment for up to 12 years with confiscation of property.

Procedural guidance is provided by the Office of the Prosecutor General.