The Asset Recovery and Management Agency's activities raise serious concerns among the public and international partners. Transparency International Ukraine, commenting on the results of the ARMA audit, drew attention to significant problems in the management of seized assets. This is reported by UNN with reference to the statement TI.
The Accounting Chamber conducted an audit of ARMA for 2022-2023 and the first half of 2024, which revealed significant problems in the management of seized assets.
In particular, the auditors emphasized the following issues:
- imperfect mechanisms for selecting managers and appraisers of confiscated assets;
- incomplete data on assets in the register;
- unregulated relations between ARMA and prosecutors and pre-trial investigation agencies at the stage of transfer and acceptance of assets.
“The Agency's activities raise serious concerns both for us at TI Ukraine and for our international partners. The need to reform ARMA was also emphasized by the European Commission in its latest report,” said Transparency International Ukraine.
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Earlier, Transparency International Ukraine criticized the ARMA for not meeting European standards. Anti-corruption experts pointed out that quite often there is “contradictory communication from the agency or its officials, combined with populism, violation of the presumption of innocence and lack of understanding of the competence of state bodies.
The Asset Recovery and Management Agency decided not to comment on Transparency International Ukraine's remarks about “contradictory communication” on the part of the agency's officials, and instead spoke about their “achievements” in drafting laws.