The State Bureau of Investigation (SBI) has completed the investigation of the criminal proceedings against the former top officials of the Finance and Credit bank, which is owned by businessman Kostiantyn Zhevaho, on suspicion of embezzlement of the financial institution's property in the amount of more than UAH 608 million.
This was announced in the SBI, Ukrainian News Agency reports.
The SBI found out that one of the bank's shareholders in 2007-2015 organized an illegal lending scheme to companies controlled by him to withdraw the bank's funds to offshore companies for their further legalization.
The functioning of the scheme was ensured by high-ranking officials of the bank and trustees, who were under the control and loyal to the shareholder.
According to the investigation, the members of the criminal organization, trying to give their actions the appearance of legality and disguise the illegal origin of the funds, concluded more than a hundred additional agreements to the main credit agreement over the course of five years, which gradually and unjustifiably increased the borrower's credit limit.
At the same time, the bank did not receive any liquid collateral.
The extras are charged with Articles 255 (participation in a criminal organization) and 191 (waste of someone else's property in particularly large amounts by abusing their official position as part of a criminal organization) of the Criminal Code.
Currently, there is only one episode with the above-mentioned loss for the financial institution.
The case will be transferred to the court, when the defense side finishes familiarizing itself with the materials.
As Ukrainian News Agency earlier reported, Zhevaho continues to be sought in Ukraine despite France's refusal to extradite him. As part of the cases against Zhevaho, bailiffs seized 49.3% of the shares of Poltava GOK. The State Bureau of Investigation suspects Zhevaho of involvement in the embezzlement of UAH 2.5 billion of the Finance and Credit bank and the legalization (laundering) of criminally obtained funds.
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