Former Head of the State Agency for Investment and National Projects Management of Ukraine Vladyslav Kaskiv, who is suspected of embezzlement of public funds, has been put on a wanted list and his property seized, Ukrainian Interior Minister Arsen Avakov has said.

"Kaskiv has been put on a wanted list. He is suspected of committing offenses under Part 5 of Article 191 and Part 2 of Article 366 of the Criminal Code of Ukraine. The court ruled to put Kaskiv, who has been hiding abroad for a long time, on a wanted list and seize his property," the interior minister wrote on Facebook on Friday.

According to Avakov, the department for the economy protection of the National Police of Ukraine together with the Prosecutor General's Office probed one of the episodes of the illegal activities of Kaskiv, who headed the State Agency for Investments and National Projects Management under President Viktor Yanukovych.

"We are talking about the embezzlement of public funds in 2012-2013 to the tune of UAH 7.5 million under a contract signed by Kaskiv for the provision of advertising services with Hlorіya Ltd., which turned out to be bogus," the minister said.

He also stressed that they were investigating several other episodes involving the embezzlement of public funds in large amounts.

As reported, in May 2015, the Main Investigation Department of the Interior Ministry was investigating the embezzlement of state funds in the form of credits issued to Borzhava Resort LLC and Borisfen LLC which are affiliated with the top managers of the State Agency for Investment and National Projects Management. They looked into the fact of embezzlement of state funds issued as credits to Borzhava Resort LLC (UAH 165 million) and Borisfen LLC (UAH 94.2 million). The credit recipients were directly or indirectly related to the top managers of the State Agency for Investment and National Projects Management, including Vladyslav Kaskiv.

The Interior Ministry's Main Investigation Department conducted a pre-trial investigation against officials of the State Agency for Investments and National Projects Management under Article 191 of the Criminal Code (misappropriation, embezzlement of property or illegal seizure of property through abuse of office) and Article 209 of the Criminal Code of Ukraine (legalization (laundering) of proceeds from crime).

In 2004, Kaskiv led the coordination center of the PORA civil campaign, which actively participated in the Orange Revolution. In 2005-2006, he was an advisor to then President of Ukraine Viktor Yuschenko. In 2009-2010, he was an advisor for foreign investment to them Prime Minister Yulia Tymoshenko.

From August 2010, he headed the working group on national projects of the Committee on Economic Reforms under then President of Ukraine Viktor Yanukovych. From December 2010 until March 2014 he headed of the State Agency for Investment and National Projects Management.