PGO: Court arrests UAH 200 mln belonging to ex-Finance Minister Kolobov

14:29, 31.05.2016 1 min read

Almost UAH 200 million belonging to former finance minister of Ukraine Yuriy Kolobov has been arrested at the request of the Prosecutor General's Office (PGO).

"The investigation judge of the Pechersky district court in Kyiv upheld the position of Ukrainian Prosecutor General's Office that funds belonging to Kolobov have been arrested. A total of UAH 199.4 million in hryvnia equivalent has been arrested," the PGO reported on Tuesday.

Investigators established during an investigation into a criminal case where Kolobov is suspected of embezzling budget funds in an especially large amount: the former minister placed the funds on accounts opened at Fidobank in the name of his mother V.Shults. The information was passed on to the court.

On May 30, 2016, Kyiv's appeal court confirmed that the funds accumulated on the bank accounts (of individuals) can be arrested.