Shevchenkivsky District Court of Kyiv has seized the property of Viktor Polishchuk – the Gulliver shopping center, as part of the inquiry into the case on embezzlements in Bank Mykhailivsky, Ukraine’s Prosecutor General Yuriy Lutsenko has said.
“During the investigation of embezzlements within Bank Mykhailivsky, they established that the bank is owned by Ekosipan LLC, 92.5 percent of which belongs to Polishchuk. Today, at the proposal of the prosecutor’s office of Kyiv, Shevchenkivsky District Court of Kyiv has decided to seize the property of Polishchuk – Gulliver property complex,” Lutsenko wrote on his page on Facebook page on Nov. 14.
The prosecutor general recalled that the board chairman of the bank is under arrest.
The National Bank of Ukraine (NBU) placed bank Mykhailivsky on the list of insolvent banks on May 23, 2015 due to risky transactions.
The central bank also accused the bank of perpetrating a fraud on May 20. The burden on the Individual Deposit Guarantee Fund increased from Hr 1.6 billion to Hr 2.6 billion.
The owner of the Eldorado electronics retail chain Viktor Polishchuk several days before bank Mykhailivsky was declared insolvent sold his controlling stake of 92.501 percent in Ekosipan LLC, which is 100 percent owned by a group of individual investors.
However, the NBU didn’t recognize the change of ownership, noting that it didn’t agree this deal and did not receive relevant documents from the new shareholders.
