This was announced today, May 15, by Pavlo Velykorechanin, Deputy Head of Asset Recovery and Management Agency (ARMA).

According to the investigation, the offender embezzled property of a Ukrainian company worth more than UAH 64 million. The man transferred the company's funds to the bank accounts of entities with signs of fictitiousness. He disguised his activities under the pretence of providing humanitarian aid to Ukrainian victims of war.

Pursuant to a request from a law enforcement agency, ARMA's Asset Finding and Tracing Department conducted measures to find and trace the assets of the suspect and his close relatives.

According to the Deputy Head of ARMA, due to the successful cooperation between ARMA and the US authorities, it was possible to quickly trace the property abroad and provide this information for the seizure of the property and further procedural actions.

"We have found hidden assets of the suspect in the criminal proceedings that may be related to property legalisation derived from criminal offences. These are real estate objects located in the United States and accounts in banks. Their total value is more than USD 4 million," said Pavlo Velykorechanin.

The obtained data on the suspects' assets has been sent to the relevant law enforcement body for further seizure and confiscation.