The Deposit Guarantee Fund succeeded in arresting the assets of the owner of the Finance and Credit Bank, billionaire Konstantin Zhevago. This was reported on the website of the FGVFL.

The corresponding decision was made by the Kyiv Economic Court upon the application of the Fund to secure a claim for damages to the bank and its creditors in the amount of almost UAH 46 billion.

“This decision is another step to protect the interests of the creditors of the Finance and Credit Bank,” said Viktor Novikov, Deputy Director of the DGF.

In making this decision, the court took into account the confirmation provided by the Foundation that Zhevago had been trying for a long time in various ways to hide the fact of owning property belonging to him, due to which the claims of the Foundation against Konstantin Zhevago could be satisfied in the future.

“Now the Fund’s claim against the owner of the bank is in the first instance in Ukrainian jurisdiction, and it is extremely important that during the consideration of this case, the assets are preserved in full and subsequently could be used to compensate for the damage caused to the bank’s creditors,” the DGF noted.

As a result, the court seized the following assets:.

part of corporate rights in the amount of 50.3% of the authorized capital of PJSC \;

part of corporate rights in the amount of 50.3% of the authorized capital of LLC \;

part of corporate rights in the amount of 50.3% of the authorized capital of Bilanovsky Mining and Processing Plant LLC.

These plants are indirectly owned by Konstantin Zhevago through the Swiss company FERREXPO AG.

In addition, the court prohibited other companies related to it from alienating the said assets..

Recall that in January 2023, the DGF filed a lawsuit with the Economic Court of. Kyiv against Konstantin Zhevago as the owner of Finance and Credit on compensation for losses to the bank and its creditors in the amount of almost UAH 46 billion. These losses were caused to the Bank by systematically lending to Zhevago-related borrowers and transferring funds to non-resident companies owned by it without proper collateral, which had signs of fictitious.

Also in January, the FGFVO filed an application for securing a claim.

Significantly, the High Court of England and Wales, in the case of the Foundation's case against the owner of the Bank, concluded that there were sufficient grounds for a worldwide seizure of Zhevago's assets..

The next meeting of the Kyiv Economic Court on this case will be held on March 13, 2023.

We also recall that at the end of December, French law enforcement officers detained, at the request of the Ukrainian side, the former people's representative, shareholder of the Bank Finance and Credit JSC Konstantin Zhevago in one of the hotels in the elite resort of Courchevel.

Zhevago is suspected of embezzling $113 million from Finance and Credit Bank.

At the end of November, billionaire Konstantin Zhevago's mines were searched.