Ukraine's Prosecutor General's Office (PGO) together with Fiscal Service and State Financial Monitoring Service of Ukraine have prevented execution of the court order on lifting the arrest of funds on the bank account of Oleksandr Yanukovych, son of ex President Viktor Yanukovych. The funds are on deposit in the International Investment Bank (MIB), PGO press secretary Larysa Sarhan said.

"The arrest of the Oleksandr Yanukovych's accounts remains in force. The PGO together with the Financial Monitoring Bureau immediately blocked the bank accounts. We thank concerned employees of the bank, who notified the PGO about the court decision to unblock the accounts," Sarhan said on her Facebook page on Monday, promising to provide more details on Tuesday.

As earlier reported, Kyiv's Pechersky District Court had ruled to lift the arrest of the accounts. According to a January 25, 2017 ruling entered in the unified state register of court decisions, four individuals in January 2017 transferred UAH 312.5 million to the MIB account.

MIB on February 24 froze the funds on the account. "Bank employees informed the Financial Monitoring Service about the suspect transactions, pursuant to the Law On Preventing the Legalization of Laundered Funds of Criminal Origin, Financing Terrorism and the Spread of Weapons of Mass destruction," MIB said on its website.

MIB was founded in 2008. According to the National Bank of Ukraine (NBU), as of January 1, 2017, bank assets (UAH 6.893 billion) ranked 25 among 93 functioning Ukrainian banks. NBU data show that as of January 1, 2016, the principal owners of the bank were Ukrainian President Petro Poroshenko (60% of shares), Ihor Kononenko (14.94%), Oleh Zymin (9.908%) and Oleh Hladkovsky (9.908%).

Poroshenko announced in January 2016 that he had placed his confectionary company Roshen and MIB in a blind trust.