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Embezzlement of UAH 420 million: the former management of Eurobank will be tried

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Law enforcement officers sent to court the charges against the former management of Eurobank, which misappropriated 420 million UAH of depositors' funds. This was reported by the press service of the State Bureau of Investigation, UNN reports.

Details

Employees The SBI has completed an investigation into the former chairman of the board of PJSC CB Eurobank and his and his former deputy on the fact of misappropriation of the bank's assets.

According to the SBI, during 2009-2016, they entered into fictitious contracts for sale and purchase of securities, loan and mortgage agreements with controlled companies and took possession of Eurobank's assets worth over 420 million UAH.  The funds were transferred to the accounts of of the controlled companies and misappropriated them.

To give the fake contracts to look legitimate, among other things, as collateral the defendants used land plots and office premises at an inflated the SBI said.

The former chairman of the bank's board and his deputy are accused of misappropriation and embezzlement of property through abuse of office on a particularly large scale or by an organized group (part 5 of Article 191 of the Criminal Code of Ukraine). The sanction of the article provides for punishment in the form of imprisonment for up to 12 years with confiscation of property.

Recall

In August 2023, law enforcement officers served suspicion in the case of embezzlement of UAH 420 million UAH to the former Deputy Chairman of the Board of PJSC CB Eurobank.

Tatiana Kraevskaya

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