To protect its interests, the company has been actively cooperating with the prosecution bodies.
A voluntary compensation and court warrants are the two ways funds shall be recovered.
The Prosecutor General's Office of Ukraine (PGO) intends to recover to the state budget in early 2018 another UAH 5 billion (US$179 million) illegally obtained by fugitive Ukrainian ex-President Viktor Yanukovych and his allies, according to Radio Free Europe/Radio Liberty.
Director of the National Anti-corruption Bureau Artem Sytnyk "felt that sooner or later there would be such a blast and counterattack that would actually cross out the past three years in Ukraine and cancel reforms that had been started, cross out possible international cooperation," that’s according to his interview with Voice of America, following critical statements in his address by Prosecutor General Yuriy Lutsenko.
Since 2013, the U.S. government has enhanced Ukraine’s anti-corruption efforts by strengthening Ukraine’s legal system, law enforcement investigations, civil society, and customs enforcement, says the statement posted on the website of the Global Forum on Asset Recovery.
The European Union Anti-Corruption Initiative (EUACI) has transferred UAH 2 million worth of IT equipment to the National Agency of Ukraine for finding, tracing and management of assets derived from corruption and other crimes (ARMA), according to the press service of the Delegation of the European Union in Ukraine.
The European Commission and the EU Member States have not identified funds or economic resources belonging to President Yanukovych frozen by EU sanctions, according to a press release by Joseph Hage Aaronson LLP, a law firm based in London representing President Yanukovych and Oleksandr Viktorovych Yanukovych.
The Swiss prosecutor's office has refused to disclose at journalists' requests any details about Yanukovych's assets in gold, earlier reported by Deputy Prosecutor General of Ukraine Yevhen Yenin to have been arrested.
The law enforcers have arrested more than half a tonne of gold, which was stolen and exported from Ukraine by the associates of former Ukrainian President Viktor Yanukovych, according to Deputy Prosecutor General of Ukraine Yevhen Yenin, Іnsider reported.
Ukraine has successfully begun recovering the assets of Russian gas monopoly Gazprom, according to the judgments handed down by court, Minister of Justice of Ukraine Pavlo Petrenko has told reporters, according to an UNIAN correspondent.
UNIAN has summed up the most prominent messages from the Prosecutor General Yuriy Lutsenko’s annual address to the Ukrainian Parliament delivered on Wednesday, May 24.
The Donetsk Regional Appeals Court has refused to commence proceedings regarding the confiscation of $1.5 billion on the appeal of the team of lawyers, representatives of non-resident companies of ex-president Viktor Yanukovych's criminal organization, according to the Prosecutor General's Office of Ukraine.
Relevant U.S. authorities have assured the Ukrainian side that if a decision is made to confiscate the funds of Ukraine's former Prime Minister Pavlo Lazarenko, most of this money will be transferred back to Ukraine, Ukraine's Prosecutor General Yuriy Lutsenko said at an international roundtable in Kyiv, according to an UNIAN correspondent.
The funds totaling $1.5 bln seized from accounts of ex-president Viktor Yanukovych and his entourage are being transferred to the state budget; Ukraine cut off electricity supplies to the areas of Luhansk region occupied by Russian-supported militants; while Ukraine’s exports strengthened the national currency, hryvnia - these are the main economic events of the past week.
The funds confiscated from Ukraine’s ousted ex-president Viktor Yanukovych and his entourage will primarily be allocated for strengthening the Ukrainian army, President of Ukraine Petro Poroshenko said Friday.
The court's decision to transfer to the state budget of Ukraine $1.5 billion, arrested in the accounts of former Ukrainian President Viktor Yanukovych and his entourage, came into force today, April 28, the press service of the National Security and Defense Council (NSDC) of Ukraine reported with reference to the joint statement by NSDC Secretary Oleksandr Turchynov and Prosecutor General Yuriy Lutsenko.