Asset Recovery and Management Agency (ARMA) has successfully identified significant assets belonging to the defendants in a criminal proceeding on tax evasion.
According to the investigation, the defendants in the criminal proceedings intentionally evaded taxes and organized a large-scale scheme of embezzlement of budget funds by creating and using fictitious companies. This allowed them to transfer public funds to controlled accounts and conceal their origin.
Pursuant to a request from a law enforcement agency, ARMA officers conducted asset identification and tracing measures. Assets were found in the form of motor vehicles, as well as funds in the amount of almost 30 million UAH on bank accounts.
“The effective work of ARMA in identifying and tracing assets is an important element of the fight against economic crimes. Every hryvnia returned to the state budget is a contribution to strengthening the economy of Ukraine,” said PavloVelykorechanin, Deputy Head of the ARMA.
The information on the assets was transferred to the relevant law enforcement agency for further seizure. This will prevent the possible withdrawal of funds from Ukraine and facilitate the return of misappropriated assets to the State Budget of Ukraine.
