Court hearings on appeal against seizure of Yanukovych's US$1.5 bln scheduled for Oct 27

Court hearings on an appeal against special confiscation of US$1.5 billion from former Ukrainian President Viktor Yanukovych and his allies are scheduled to begin on October 27.

This was disclosed by Ukrainian Prosecutor General Iryna Venediktova on Facebook on October 19.

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"On October 27, 2020, prosecutors of the Office of the Prosecutor General will take part in hearings at the [Ukrainian-controlled] Donetsk Appeals Court on complaints filed by a lawyer of non-resident companies against a ruling passed by the Kramatorsk town court in Donetsk region on May 19, 2017, to clarify the Kramatorsk town court's verdict on special confiscation of securities and money on the offshore companies' bank accounts," she said.

According to Venediktova, this is the case involving almost US$1.5 billion, which was seized and transferred to Ukraine's national budget.

Special confiscation of US$1.5 bln

• On March 28, 2017, a court in the eastern Ukrainian town of Kramatorsk ruled to apply the special confiscation rules to US$1.5 billion belonging to Yanukovych and his allies as part of legal proceedings against Arkady Kashkin, the ex-director of Gaz of Ukraine 2020.
• A month later, the ruling came into force.
• The funds were transferred to the national budget.