The Asset Recovery and Management Agency (ARMA) has successfully recovered over UAH 9 million from the bank accounts of a city council member suspected of committing a number of serious criminal offenses.

Owing to the effective work of ARMA, the seized funds were successfully traced at the request of an investigator from the Security Service of Ukraine (SBU) and fully transferred to the Agency’s deposit accounts. The city council member is suspected of committing a range of serious criminal offenses, including extortion, kidnapping, unlawful seizure of vehicles, illegal handling of weapons, and submission of false information in official declarations.

This is not the first successful recovery in the framework of this case — earlier, ARMA accepted and deposited UAH 3.5 million in cash. In total, UAH 12.5 million has now been recovered and is actively working to support Ukraine’s economy under martial law.

The funds deposited in ARMA's bank accounts are not just stored but generate additional income for the state in the form of bank interest, which is particularly vital under wartime conditions. The assets of criminals, corrupt officials, and traitors are already working for Ukraine. ARMA remains committed to ensuring economic accountability