17:00 13.09.2016

Latvia recovers EUR50 mln withdrawn from Ukraine by high-ranking officials

1 min read
Latvia recovers EUR50 mln withdrawn from Ukraine by high-ranking officials

Latvia has recovered to the national budget EUR50 million of funds of the former Ukrainian high-ranking officials arrested within the fight against money laundering, the LSM local media has reported with reference to the investigation of the De Facto program.

The media reports in autumn 2014 Prosecutor General of Ukraine Vitaliy Yarema announced that $49.3 million of former Deputy Prime Minister of Ukraine Serhiy Arbuzov in Latvian banks and $32 million and CHF72 million on the accounts of businessman and politician Yuriy Ivaniuschenko were arrested.

In addition, De Facto found out that the investigation into the case in Latvia is continuing, but neither Arbuzov, nor Ivaniuschenko, nor Serhiy Kurchenko figure among the suspects. There are no suspects in the criminal proceedings conducted by the Latvian police.

The publication noted the Latvian law enforcement agencies have not received the information they need from Ukrainian colleagues.

"Unfortunately, we have not received information from Ukraine that this money was stolen from the state and should be returned to Ukraine," the Latvian Prosecutor General Eriks Kalnmeiers said.

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