The High Anti-Corruption Court has lifted the freeze on Oleksandr Yanukovych's accounts.

Alexander Yanukovych

The High Anti-Corruption Court (HACC) has decided to lift the seizure of funds and securities held by former President Viktor Yanukovych's son, Oleksandr, in the All-Ukrainian Development Bank, Ukrainian Business Bank, and First Ukrainian International Bank, according to reports. Ukrainian news.

The defense of the former president's son petitioned for this decision.

"The court found that since there is no suspect in the criminal proceedings to whom confiscation of property can be applied as a form of punishment, the seizure of the property of Yanukovych's son as a measure to secure these criminal proceedings does not correspond to its intended purpose and in no way can ensure its effectiveness.

Given the length of the pre-trial investigation of the criminal case (more than 7 years), the purpose of the seizure—ensuring confiscation as a form of punishment, and the separation of the relevant materials into a separate proceeding—the subsequent seizure of this property in the initial criminal proceedings is pointless and does not contribute to the fulfillment of the objectives of the criminal proceedings," the publication writes.

As a reminder, the Pechersky District Court of Kyiv imposed a freeze on Oleksandr Yanukovych's accounts back in April 2014.

Ранее Skelet.Org reported that The appeal court rejected the Deposit Guarantee Fund's claim against Ivanyushchenko and his son for UAH 123 million.

In topic: Kostyuk, a defendant in the Kurchenko case, has been appointed head of the Exclusion Zone Management Agency.

Skelet.Org

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