Photo from UNIAN
Ukrainian Interior Ministry has arrested UAH 2.6 billion in bank accounts, 12 million of which are reported to be personally owned by Oleksandr Yanukovych, a son of fugitive ex-President Viktor Yanukovych, Interior Minister Arsen Avakov wrote on his Facebook page.
"Main Investigation Department of the Interior Ministry is carrying out a pre-trial investigation into the criminal proceedings against employees of PJSC All-Ukrainian Development Bank owned by Oleksandr Yanukovych, under Part 2 of Article 364 and Part 2 of Article 209 of the Criminal Code of Ukraine," the minister wrote.
He added the pre-trial investigation had found that during the period of 2012-2014 employees of PJSC All-Ukrainian Development Bank issued loans to state enterprises at inflated interest rates and the illegal proceeds were legalized by placing funds in deposit accounts of the bank's owner – Oleksandr Yanukovych and controlled entities - bank's employees and other legal entities.
"Investigators of the Main Investigation Department of the Interior Ministry conducted searches in PJSC All-Ukrainian Development Bank and arrested over UAH 2.6 billion held in deposit accounts of legal entities and individuals, of which UAH 12 million belonged to [Oleksandr] Yanukovych," the minister reported.
According to the investigation data, the liquidation procedure of PJSC All-Ukrainian Development Bank has been scheduled to start in November 2015, which would allow Oleksandr Yanukovych, as well as other individuals and legal entities controlled by him, to recover deposit funds held in the bank's accounts.
UNIAN memo. On March 5, 2014, the EU seized assets belonging to 18 Ukrainian citizens suspected of misappropriation of public funds and involvement in human rights violations in Ukraine.
On March 5, 2015, the EU excluded Andriy Portnov, the former deputy chief of staff of ousted Ukrainian president, and three former Ukrainian officials from the sanctions list.
Later Viktor Yanukovych filed a lawsuit against Ukraine with the European Court of Human Rights in connection with alleged abuses of his human rights.