NABU investigating whether bankrupt banks stashed funds in offshore companies
The National Anti-Corruption Bureau of Ukraine (NABU) is investigating into money hidden by bankrupt banks in offshore companies. The sum removed reaches almost UAH 10 billion, NABU Director Artem Sytnyk has said.
"The Anti-Corruption Bureau registered a case, and we have enough resources to conduct large investigations. This probe is about the removal of funds by bankrupt banks via foreign banks to offshore companies," Sytnyk said in parliament on Wednesday.
He said that the case is an example of criminal use of offshore companies.
Sytnyk said that some of these funds are refinancing funds received by a bank under liquidation or that was liquidated.
He said that the case is interesting, but he cannot promise that it will be in court next week because cooperation with foreign partners is needed.
