01 July 2025

In response to a request from a law enforcement agency, Assets Recovery and Management Agency has finded and traced assets related to a large-scale corruption scheme organized by officials of state administrations in collusion with representatives of private companies.

According to the investigation, the perpetrators abused their official positions and, in conspiracy with contractors, misappropriated public funds during public procurement procedures. As a result, ARMA's Department for Digital Development, Asset Finding and Tracing has traced the following assets belonging to members of the criminal group:

• non-residential real estate
• vehicles
• over UAH 1 billion in the accounts of companies involved in the corrupt scheme

The information regarding the finded assets has been transferred to the relevant law enforcement authority for the purpose of initiating asset seizure and further procedural action.

“These results demonstrate that ARMA possesses the necessary tools and professional capacity to detect complex schemes for the embezzlement of public funds. The Agency consistently works to ensure that money intended for the benefit of society is not pocketed by corrupt actors, but instead serves the interests of the State,” stated ARMA Deputy Head Pavlo Velykorechanin.