Court rules to arrest 1+1 Media Holding’s office, Biola plant, Boeing 767 aircraft in PrivatBank probe


Kyiv's Pechersky District Court has arrested the central office of 1+1 Media Holding, premises of one of Ukraine’s largest beverage manufacturers Biola, a Boeing 767 aircraft, and other assets – all in the PrivatBank case, according to the court ruling of September 12, 2017, published in the Unified State Register of Judicial Decisions.

Photo from UNIAN
Photo from UNIAN

"[This order has been issued] to place the following property under arrest… [namely] non-residential premises…, which are located at 23 Kyrylivska Street, Kyiv … facilities and other real estates of the beverage and juice plant at 135 Berehova Street, Dnipropetrovsk (Dnipro)," reads the document.

In addition, a large number of other assets is subject to seizure, including a Boeing 767 aircraft, registered with the State Aviation Administration of Ukraine, and a number of land plots in Odesa region.

The court decided to seize the said objects based on a petition of the prosecutor's office, which stated that the management of PrivatBank "through abuse of office embezzled property in 2014, namely state funds of the National Bank of Ukraine to the tune of over UAH 19 billion (US$729 million), allocated for PrivatBank refinancing."

At the same time, the court stated that the petition of the prosecutor's office was considered in absence of the owners of the arrested property, therefore the latter have the right to file their petition for the abolition of arrest.

Nationalized PrivatBank posts $112 mln in loss in H1"The suspect, their lawyer, other owner or possessor of property who were absent during the hearing of the seizure of property issue, has the right to file a petition to annul the arrest of property in full or in part," the document says.

As UNIAN reported earlier, on December 18, 2016, the Cabinet of Ministers of Ukraine decided to nationalize Ukraine's No. 1 bank, Dnipro-based PrivatBank, being guided by the recommendations of the National Security and Defense Council.

As was reported on September 13, 2017, the National Bank did not address either to Studio 1+1 TV and radio company LLC as a lessee or Podil Neruhomist (Podil Real Estate) as a lessor with a demand to vacate the premises at 23 Kyrylivska Street.

Tags: Ukraine, PrivatBank, court, arrest, 1+1, seizure, realestate, probe, NBU