The Security Service of Ukraine, in the framework of combating corruption in the field of state property, prevented state losses in particularly large amounts during illegal property alienation of public company in Kyiv city.

Allegedly, in 2016, the head of the public company (81% of the shares are owned by "Ukraina Turistychna" Government-Run Joint-Stock Company) concluded an investment agreement with the developer on reconstruction of the capital hotel complex and the development of land plot with total area of 18 ha.

The offender, due to the fixed fake debt, planned to bankrupt the joint-stock company and then to alienate its property with an estimated value of almost UAH 70,000,000 (USD 2,592, 593). According to the preliminary investigation, the deal could have led to a significant discouragement of investment decisions of the company and a reduction in the cost of privatization.

Within the framework of initiated criminal proceedings under Art.191 of the Criminal Code of Ukraine Holosiivskyi District Court of Kyiv City arrested the PJSC property to prevent its further illegal alienation.

The investigations are ongoing to establish all circumstances of the case and to bring to justice all those involved in the fraud.

The operation was carried out jointly with the investigators of the Department of the National Police in Kyiv City under the procedural supervision of Prosecutor's Office of Kyiv City.