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Court transfers funds equivalent to UAH 221 million seized in case of illegal storage and sale of weapons into ARMA`s management

11-01-2024

On  January 8, 2024, at the request of the Investigation Department of the Main Department of the National Police in Dnipro region, the court transferred funds in the amount of UAH 221 million into management of ARMA.

This includes:

- USD 5,714,727

- 49,555 euros

- 653,645 hryvnias.

The funds were seized and recognised as material evidence in the pre-trial investigation into the case of illegal possession of firearms, ammunition and explosive devices without a statutory permit for sale.

The National Agency is currently organising the actual acceptance of the cash into its management.

The funds will soon be placed on the Agency's deposit accounts and will accrue interest. In the event of confiscation, these cash assets (including interest) will be replenished to the state treasury.

The sum to be managed is a record for the entire period of operation of the ARMA's South-Eastern Interregional Territorial Office and marks a new stage of fruitful cooperation between the region's law enforcement system and the National Agency's regional office.

As of the end of 2023, the Agency had the equivalent of UAH 1,905,541,858 on deposit in a state bank. Compared to 2022, ARMA's deposit portfolio increased by UAH 418,918,883.

In 2023, the total income from the placement of funds on deposit amounted to
UAH 196 million. At the same time, the income from the War Bonds for the same period amounted to UAH 195.85 million (including deposit interest - UAH 391,899,342).