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International Internet Magazine. Baltic States news & analytics Saturday, 20.04.2024, 09:10

Police in Latvia seize millions in laundered money owned by Ukrainian businessman Kurchenko

BC, Riga, 20.07.2015.Print version
Following an investigation in collaboration with the Ukrainian Interior Ministry, the police in Latvia have frozen a large amount of funds in Latvian bank accounts that were laundered by Ukrainian businessman Serhiy Kurchenko, Ukrainian Interior Minister Arsen Avakov said on his "Facebook" profile, cites LETA.

The Ukrainian Interior Ministry's asset retrieval department, in collaboration with Latvian State Police, found out that Kurchenko's assets in Latvian banks were being transferred to foreign companies.

 

Avakov said that the seized assets amount to USD 80 million, EUR 177,000, and CZK 1 million.

 

Portal Delfi previously reported that an international search warrant has been put out for Kurchenko, who was able to amass a small fortune in just a few years. His properties and assets in Europe, including in Latvia, have been frozen, and his dealings in Ukraine and the European Union are being investigated.

 

Looking over seized documents, Ukrainian law enforcement institutions and local journalists have found out that many of Kurchenko's off-shore companies had account in Latvia's "ABLV" bank, the portal pointed out.





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