At the request of the prosecutors of the Office of the Prosecutor General, on July 15, the court granted the request to transfer the management of funds and securities totaling over 35 million US dollars, equivalent to 1.5 billion UAH, to the National Agency for the Detection and Management of Assets (ARMA), which were previously held in accounts at a Luxembourg bank and were transferred to the Bureau for Asset Management of the Grand Duchy of Luxembourg within the framework of a criminal proceeding.

The direct owner of these funds is a former member of parliament of the I, III – VII convocations, who also served as the head of the Kyiv City State Administration, as well as a number of offshore companies under his control.

Thus, being a resident of Ukraine, he conducted hidden business abroad, in particular controlling a number of offshore companies (including those registered in the Republic of Panama, Hong Kong, the Republic of Cyprus, and the British Virgin Islands), which annually generated income for him. However, the elected official did not make mandatory tax payments to the state budget of Ukraine.

The relevant assets, which have signs of illegal origin, have been seized within the framework of a criminal proceeding for tax evasion in particularly large amounts, which is being conducted by the State Bureau of Investigations under the procedural guidance of the Office of the Prosecutor General and operational support from the Security Service of Ukraine.

The Office of the Prosecutor General is taking further procedural measures to establish all the circumstances of the former parliamentarian's illegal activities and to recover damages caused to the state as a result of the criminal offenses committed by him.