The liquidator of the Finance and Credit bank sued ex-assistant Zhevago for UAH 2,5 billion
On October 19, 2022, the Shevchenkivskyi District Court of Kyiv granted the claim of the liquidator of the Finance and Credit Bank against A.I. Demchenko in the case No. 761/30329/20 and decided to recover from the defendant in favor of the plaintiff 2,52 billion UAH in compensation for property damage "caused by a criminal offense" (quote), writes Financial balance.
"The decision may be appealed to the Kyiv Court of Appeal by filing an appeal within thirty days of its announcement," noted the Shevchenkivskyi District Court of Kyiv.
In 2016, at the Prosecutor General's Office notedthat the bank's liquidator, A.I. Demchenko, was an assistant to the former people's deputy Constantine Zhevago — the owner of the bankrupt bank "Finance and Credit".
At the same time, the Prosecutor General’s Office named Demchenko A.I. as the beneficiary of the company Nasterno Commercial Limited, featured in several criminal cases involving dubious transactions of the Finance and Credit bank.
Thus, in 2018, the Pechersky District Court of Kyiv, within the framework of criminal case No. 12015100010000279, at the request of the Prosecutor General's Office, seized funds, securities, and other valuables located in the accounts of the Cypriot company Nasterno Commercial Limited in Bank Frick & Co. AG and East-West United Bank SA (Luxembourg).
According to court documents, five people (including Vladimir Khlivnyuk, former head of the board of directors of Finance and Credit Bank) were charged in the aforementioned criminal case. According to the investigation’s then-current version, between 2012 and 2015, in a prior conspiracy with members of the bank’s credit committee and other unidentified persons, using the non-resident company Nasterno Commercial Limited, they seized the property of Finance and Credit Bank by concluding “knowingly unprofitable loan agreements and pledge agreements not reflected in the bank’s official financial statements, for a total of USD 53,763,344.55” (quote).
In addition, Nasterno Commercial Limited was involved in criminal case No. 42016000000001118 regarding the embezzlement of more than $113 million in bank funds by officials of the Finance and Credit bank between 2012 and 2015.
According to the investigation, this amount was written off from the accounts of Finance and Credit Bank at Bank Frick & Co. AG (Liechtenstein) and Meinl Bank AG (Austria) on September 29-30, 2015—that is, after the temporary administration of Finance and Credit Bank (which took place on September 17, 2015). Bank Frick & Co. AG and Meinl Bank AG wrote off Finance and Credit Bank's funds on the grounds that Nasterno Comercial Limited had failed to repay the loans for which Finance and Credit Bank had provided its funds to Bank Frick & Co. AG and Meinl Bank AG as collateral.
According to court documents, GPU investigators, as part of the two aforementioned criminal proceedings, investigated the issuance of loans by Finance and Credit Bank to companies associated with Kostiantyn Zhevago (in particular, during the period when this bank was receiving refinancing from the NBU and had the status of a problem bank, which, among other things, provided for the imposition of restrictions on transactions with insiders).
In case No. 12015100010000279, the courts imposed seizures on, among other things, the real estate of AvtoKrAZ, Rosava, and the trademarks of pharmaceutical companies Arterium LTD LLC, Galichpharm PJSC, and Kyivmedpreparat PJSC, which are associated with K. Zhevago.
The court documents provided information that Nasterno Commercial LTD was also the guarantor for a loan that Finance and Credit Bank issued to Prominek LLC, which was included in the ownership structure of Finance and Credit Bank.
According to the National Bank of Ukraine (NBU), the total volume of insider loans in the Finance and Credit Bank portfolio is approximately UAH 22 billion (over 70% of the portfolio). The book value of Finance and Credit Bank's assets was UAH 45,1 billion, but Deposit Guarantee Fund appraisers valued them at UAH 9,9 billion (22% of the nominal value).
By topic: Venediktova boasted of her successes in investigating the Finance and Credit Bank case.
Zhevago has already been cleared. Who is leaking the fraud case at Finance and Credit Bank?
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