Son of ex-Motor Sich president Bohuslaev detained in Monaco
The Security Service of Ukraine (SSU) and the Prosecutor General's Office, together with law enforcement officers in France and Monaco, detained the son of ex-Motor Sich president Vyacheslav Bohuslaev, Oleksandr, for embezzling the company's assets. The SSU press service reported this.
The ex-Motor Sich president and his son are suspected of embezzling the assets of the industrial giant. As the investigation established, the defendants illegally appropriated a controlling stake in the state-owned enterprise and then sold it for USD 650 million.
To implement the deal, the then head of Motor Sich organized an inventory of the company's assets, as a result of which he artificially lowered the value of its shares.
Then he purchased 65% of the securities at a significantly reduced price and later transferred most of them to six offshore structures owned by his son.
"In order to legalize the stolen assets, the criminals sold them to foreign companies, and used the profits to purchase luxury real estate in the EU," the report says.
During the international investigation, simultaneous searches were conducted at the detainee's place of residence at a coastal villa in Monaco and in the apartments of affiliated persons in Zaporizhzhia.
Investigators of the Security Service informed the son of the ex-president of Motor Sich of suspicion under Part 3 of Article 209 of the Criminal Code of Ukraine (legalization (laundering) of property obtained by criminal means, committed by an organized group on a particularly large scale).
The criminal faces up to 12 years in prison with confiscation of property.
The ex-leader of Motor Sich, who is currently in custody on charges of collaborating with the russian federation, has also received new suspicion. His crimes are additionally qualified under several articles of the Criminal Code of Ukraine:
- Part 5 of Article 191 (embezzlement of property through abuse of official position, committed on a particularly large scale by an organized group);
- Part 3 of Article 27, Part 3 of Article 209 (organization, legalization (laundering) of property obtained by criminal means, committed on a particularly large scale by an organized group).