Reported by the Prosecutor General of Ukraine Ruslan Kravchenko.
According to the investigation, the organizer of the scheme is a former member of the Dnipro City Council. He acquired corporate rights to a group of companies that owned several unfinished construction projects in the center of Kyiv, including a residential complex in the Pechersk district.
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It is noted that during the implementation of the scheme, most of the apartments in this building had already been purchased by investors. Another 50 apartments, by court decision, belonged to one of Ukraine’s state banks.
The Prosecutor General clarified that the participants in the scheme actually controlled all the real estate. In order to resell the apartments, they changed the technical characteristics of the premises and used forged documents.
Sold the apartments again
As a result of these actions, property rights to 50 apartments belonging to a state bank were illegally transferred to third parties. The report states that the bank’s losses exceeded 164 million hryvnias.
Another eight apartments, which were already owned by individuals, were also resold, noted R. Kravchenko. Investors paid for the housing, but later the same apartments were registered under the names of other buyers.
27-story building became 32 stories
In addition, to complicate the determination of the rights of deceived investors, the scheme participants changed the legal address of the residential complex, investigators found out. The designed 27-story building also became a 32-story building after construction.
The total amount of identified losses exceeds 175 million hryvnias. According to the Ukrainian Prosecutor’s Office, illegally obtained funds were laundered, transferred through controlled companies, and invested in the acquisition of other property and construction projects.
Charges have been brought against nine individuals – the organizer and eight accomplices. They are accused of fraud, legalization of criminally obtained property, and use of forged documents. The issue of preventive measures for the suspects is currently being decided.
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