You're reading: Ukrainian Interior Ministry confirms banker Tymonkin’s detention in Germany

The Ukrainian Interior Ministry has confirmed the detention of banker Borys Tymonkin in Germany.

“On Sunday, Tymonkin was arrested. Today, the German court has decided on his pre-extradition arrest,” director of the communications department of the Interior Ministry Artem Shevchenko told Interfax-Ukraine on June 16.

The Interior Minister informed the Prosecutor General’s Office about this and the latter is preparing a request for Tymonkin’s extradition to Ukraine.

Ukraine’s Prosecutor General’s Office put Tymonkin on the international wanted list on May 16, 2014. He is suspected of having committed a criminal offense under Part 1 of Article 255 of the Criminal Code of Ukraine – the participation in a criminal organization led by VETEK Group founder Serhiy Kurchenko.

Tymonkin is a former deputy chairman of the VETEK supervisory board, who oversaw the financial activities of the group. In 2001-2013 he was the chairman of the board of Ukrsotsbank, in 1994-2001 the deputy chairman of the board of the FIUB bank.