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You're reading: Ukrainian court rules to arrest fugitive businessman Kurchenko in absentia
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Kyiv Pechersky District Court has ruled to arrest fugitive Ukrainian businessman Serhiy Kurchenko as a pre-trial measure late on Jan. 3.

The Prosecutor General’s Office reiterates that they’re holding a pre-trial investigation into billionaire Kurchenko, a crony of ex-President Viktor Yanukovych, who allegedly made a fortune through gas embezzlement schemes using state-run and private banking institutions, state-owned enterprises of the fuel and energy sector on a large scale.

Kurchenko was the owner of one of Ukraine’s top football clubs, Metalist Kharkiv, energy holding, named VETEK and the Ukrainian Media Holding group. The activities of the criminal organization have inflicted losses to the state amounting to more than Hr 7 billion ($257 million).

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Hopefully they have an air tight case on this guy. Eventually he will need to leave Russia and he'll be arrested and hopefully deported back to Ukraine for trial.

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