KYIV, March 7 (Reuters) – A Ukrainian court has confiscated the assets held by Ukrainian billionaire Konstantin Jevago in mining company Ferrexpo, the Deposit Guarantee Fund of Ukraine said on Tuesday, which is seeking to recover damages. after the bankruptcy of the Finance and Credit bank.
The 49-year-old billionaire is suspected by the courts of his country of having embezzled 113 million dollars (about 106 million euros) from the Finance and Credit bank which he managed until its bankruptcy in 2015.
Konstantin Jevago has denied any wrongdoing.
“This decision is a new step to protect the interests of creditors of the Finance and Credit bank,” said Viktor Novikov, deputy managing director of the Fund.
The Fund is seeking to recover nearly 46 billion hryvnias (1.17 billion euros) in damages, it said in a statement.
The Kyiv Commercial Court has decided to “seize” the 50.3% stakes in the Poltava, Eristivskiy and Bilanivskiy mining plants held by Konstantin Jevago via Ferrexpo. These facilities are located in the Poltava region in central Ukraine.
Konstantin Jevago was arrested in France in December on the basis of an international warrant issued by Ukraine and released by a French court in December on bail of one million euros. (Report Olena Harmash; French version Kate Entringer, edited by Blandine Hénault)
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