According to the SBU investigation, the ex-deputy Chairman of the board of Arkada Bank received a suspicion notice of multi-million embezzlement.

SBU operatives established that the official acted together with the former Chairman of the Board, who had already received a suspicion notice.
They embezzled depositors’ money from the reserve fund, illegally transferring it to the accounts of two companies affiliated with the bank.

Earlier, the SBU documented that such actions misappropriated over UAH 22 m. (USD 785,714).

The SBU served the offender in writing a suspicion notice of misappropriation, embezzlement or conversion of property by malversation. The article envisages up to 12 years of imprisonment with confiscation of property.

The pre-trial investigation is underway.

The operation was conducted by the SBU Main Directorate for Combating Corruption and Organized Crime jointly with the Investigative Department of the Pechersk National Police unit in Kyiv, under the supervision of Pechersk District Prosecutor's Office of Kyiv.

Certificate:

According to Art. 62 of the Constitution of Ukraine, a person shall be presumed innocent of committing a crime and shall not be subjected to criminal punishment until their guilt is proved through a legal procedure and established by a court verdict of guilty.