The Asset Recovery and Management Agency (ARMA), acting upon a request from Ukrainian law enforcement authorities, has identified assets belonging to members of a criminal organization that systematically misappropriated budget funds allocated to meet the needs of servicemen of the Armed Forces of Ukraine.

According to the investigation, the perpetrators organized a scheme for artificially inflating the cost of services, while the illegally obtained profits were transferred to the accounts of companies controlled by the group.

During the course of the measures conducted, ARMA identified assets owned by the suspects, including real estate, vehicles, weapons, and more than UAH 4.7 million held in bank accounts.

All collected information has been forwarded to the competent law enforcement authorities to initiate the seizure of these assets and ensure their subsequent transfer to ARMA’s management in the interests of the State.