In response to a request from a law enforcement agency, the Asset Recovery and Management Agency (ARMA) has discovered assets belonging to individuals involved in criminal proceedings initiated based on the large-scale legalization of proceeds obtained by criminal means.
ARMA press service reported the information, according to Ukrinform.
“According to the investigation, a group of individuals, using controlled business entities, evaded value-added tax. The tax reports reflected fictitious financial and economic transactions carried out through companies with signs of fictitiousness, which led to the actual non-receipt of more than UAH 400 million to the state budget. The funds obtained by criminal means were legalized through cash conversion mechanisms, as well as the purchase of property and financial assets,” the report says.
The press service notes that employees of the ARMA’s Department of Digital Development, Asset Identification and Search conducted a search for property using access to national registries, databases, and analytical tools. As a result, 30 real estate properties, 20 vehicles, 10 land plots, 20 weapons, shares in the authorized capital of enterprises worth over UAH 170 million, UAH 29 million, and about USD 430,000, and securities worth over UAH 75 million were identified.
Currently, information about the identified property has been forwarded to law enforcement agencies for consideration of its seizure, with the possibility of further transfer to ARMA.
It was reported, ARMA recently put up for sale inventory items — bars and rolled ferrous metals stored in railway cars and already loaded for transportation. The auction will take place on Prozorro.Prozori electronic platform.
Source: ARMA discovers hundreds of millions in assets in money laundering case
