You're reading: Oshchadbank managers start executing court decision to seize $1.5 billion from Yanukovych cronies

State-owned Oshchadbank (Kyiv) has started executing the special confiscation of $1.5 billion of former Ukrainian President Viktor Yanukovych and his team under a court ruling, the press service of the National Security and Defense Council (NSDC) of Ukraine has reported.

“The top managers of Oshchadbank have started executing the court ruling on the special confiscation of these funds,” the press service of the NSDC told Interfax-Ukraine on April 28 morning.

The press service said that Ukrainian Prosecutor General Yuriy Lutsenko and NSDC Secretary Oleksandr Turchynov arrived to the head office of Oshchadbank with the court ruling. They informed the top managers of the bank about it.

As reported, Obolonsky district court in Kyiv summoned Yanukovych to a hearing on May 4 as a person accused in a high treason case.
Lutsenko said on Nov. 28 that Yanukovych had been implicated in high treason and encroachment on Ukraine’s territorial integrity.