Kyiv court tries money launderer who cashed out funds under guise of ATO aid collection

The case of a Kyiv resident who launched a money laundering scheme under the guise of a charitable aid collection for ATO participants has been sent to the notorious Pechersk court. A 24-hour house arrest with the use of an electronic bracelet has been selected as the preventive measure for the 50-year-old money launderer.

 “The Prosecutor's Office of the Pechersk district of the capital has sent an indictment to court regarding a 50-year-old Kyiv resident who engaged in fictitious entrepreneurship and money laundering under the cover of charitable activities.

It was established that in 2014, the aforementioned man registered 11 transit and conversion companies in Kyiv, to the accounts of which real sector enterprises transferred funds in the guise of charitable aid (including to ATO participants).

Subsequently, through accounts opened in the names of nominee individuals at various banking institutions, the conversion of non-cash funds into cash and their withdrawal from legal circulation was carried out.

According to the pre-trial investigation materials, the total volume of converted funds during 2014-2015 amounts to almost 200 million hryvnias.

During searches in office premises, vehicles, and at the residences of the main participants of the conversion centre, almost 170,000 hryvnias, seals of 18 enterprises with signs of fictitiousness, cheque books, primary accounting documents, and draft records were seized.

The organiser of the conversion centre has been notified of suspicion of committing fictitious entrepreneurship and laundering of funds obtained by criminal means, i.e. criminal offences provided for by Part 2 of Article 28, Part 2 of Article 205, and Part 1 of Article 209 of the Criminal Code of Ukraine.

The Pechersk District Court of Kyiv has selected a preventive measure in the form of 24-hour house arrest with the application of an electronic control device for the suspect.

Currently, the indictment has been sent to court for consideration on the merits”, - reported the press service of the Kyiv city prosecutor's office.