Kyiv Pechersky District Court has cancelled the arrest of $312.5 million in the International Investment Bank (IIB) belonging to businessman Oleksandr Yanukovych, son of ex-President of Ukraine Viktor Yanukovych.
“To grant the motion by lawyer A.S. Salazsky, acting on behalf of another person. To cancel the arrest of the property, which is held on the account of another person in the public joint-stock company International Investment Bank, which was imposed by a ruling of investigating judge of Pechersky District Court of Kyiv K.E. Tarasiuk dated January 25, 2017 in case No. 757/4336/17-k,” reads the court ruling dated March 2 in the case No. 757/4336/17-k registered in the State Court Rulings Register.
The accounts in question belong to Oleksandr Yanukovych and the ISS received these funds from the National Bank for Development.
As reported, the International Investment Bank (IIB) blocked Hr 312.5 million that came to the bank account belonging to the son of the former president, Oleksandr Yanukovych.
“Immediately after the transfer of funds to the account, PJSC IIB fulfilled the requirements of the law, the legal acts of the National Bank of Ukraine (NBU) and informed the State Service for Financial Monitoring on financial operations of clients, containing the signs provided for by the law on prevention and counteraction to legalization (laundering) of proceeds from crime, terrorist financing and financing proliferation of mass destruction weapons,” the report says.
The bank said the receipt of these funds was not agreed with the administration of PJSC IIB and was a surprise to the bank.
According to the ruling of Pechersky District Court dated Jan. 25, 2017, posted in the State Court Rulings Register, four persons in January this year transferred a total of Hr 312.5 million to accounts in the IIB. The actual owner of these funds is the owner of National Bank for Development.
National Bank for Development was registered in 2009. It is part of MAKO Group.
