National Agency for Search and Asset Management (ARMA) revealed assets worth 400 million hryvnias of the participants in the criminal proceedings regarding the large-scale legalization of proceeds obtained through crime. The investigation is carried out based on the request of the law enforcement agency.
According to the investigation, a group of persons avoided paying value added tax by using controlled enterprises. In the tax reporting, they reflected non-commercial financial and economic transactions through fictitious companies, which led to losses of the state budget of more than 400 million hryvnias. Later, these funds were legalized through preparation, acquisition of property and financial assets.
Employees of the Department of Digital Development, Identification and Tracing of Assets of ARMA, using access to national registers, databases and analytical tools, conducted a search of the property. As a result, it was established the presence of 30 real estate objects, 20 vehicles, 10 land plots, 20 weapons, shares in the authorized capital of enterprises in the amount of more than 170 million hryvnias, cash in the amount of 29 million hryvnias and about 430 thousand US dollars, as well as securities worth more than 75 million hryvnias.
“This case demonstrates the effectiveness of our mechanisms for identifying and tracing the assets of those involved in criminal cases. ARMA is consistently strengthening its ability to work with digital data to ensure the real return of illegally acquired assets for the benefit of the country.” – said Pavlo Velikorechanin, Deputy Chairman of ARMA.
Currently, information about the discovered property has been transferred to the law enforcement agency to resolve the issue of its arrest and possible further transfer to the ARMA administration.
