Share Tweet Pocket Add to Bookmarks
You're reading: Hiring law firm to chase Lazarenko assets is a new waste of money

The
main reason the government actions seem so exorbitant is because it
covers up political reasons with legal chatter that goes side by
side with the decision to go after these assets. Although the
government says that recovery of Lazarenko’s and Tymoshenko’s
assets from the U.S. and Switzerland would help fill the gap in the
sate budget, until now the government has not even bothered to
collect information about the fate and the size of the assets it
suddenly so desperately wants to return to Ukraine.

A
Department of Justice (DoJ) claim filed
on June 30, 2005 identified
approximately $250 million in assets belonging to Lazarenko. These
assets are frozen in five countries and are being disputed in court
in Washington D.C. with the DoJ being a principle claimant.

Ukraine’s
General Prosecutor’s Office hired Boston-based consulting firm UTICo
to track Lazarenko’s assets on behalf of the nation, but later a
court in Kyiv invalidated the contract, which the prosecutor’s office
had no legal right to sign.

Exclusive article

Sign up or subscribe to view more articles.
See All Plans
$5.95
Monthly plan
Get unlimited article access, anytime, anywhere.

Subscribe
$60
Yearly plan
Access all the exclusive content on KyivPost.com and the complete online archive.
Subscribe
Advertisement

Add comment

Sorry, you must be logged in to post a comment.
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: