1xbet and Royal Pay S.A exposed in real estate fraud scheme in Kharkiv

The State Bureau of Investigation (SBI) has uncovered a large-scale scheme to divert real estate belonging to a bankrupt Kharkiv bank. 

The total value of the properties is estimated at 360 million hryvnia. Foreign companies under sanctions and linked to a well-known Russian bookmaker are implicated in the crime.

The names of the companies involved are not officially disclosed. However, according to insider information, they are 1xbet and Royal Pay S.A.

The essence of the scheme involved the use of a Ukrainian company controlled by the former owner of the bank, along with foreign entities that had previously been involved in similar suspicious transactions.

The investigation was conducted jointly with the State Financial Monitoring Service and the Kyiv Scientific Research Institute of Forensic Expertise. The circumstances of the case are still being examined to establish the full chain of individuals and organisations involved.