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 Money stolen by Yanukovych and Co to be used to fight corruption after restitution, - Ministry of Justice

The funds obtained through criminal schemes will be used to fight corruption and raise the efficiency of law enforcement after their restitution. A corresponding special fund has been established, following the recommendations of Western partners; it will accumulate criminal money returned to Ukraine.

This was announced by Deputy Minister of Justice Anton Yanchuk at a round table "Dispelling of myths about special confiscation, arrest and management of property obtained in corruption crimes," Censor.NET reports citing LІGA.net.

The official noted that the fund is set up due to a recommendation of Ukraine's western partners, and it will accumulate money returned to Ukraine. The use of these funds he said is clearly spelled out in the bill: fighting corruption and improving the efficiency of law enforcement.

See more: "Diamond" prosecutor Korniiets borrowed $700,000 as public employee. DOCUMENT (in Ukrainian)

A commission is offered to be established to manage the fund, consisting of representatives of the EU, the United States, European anti-corruption institutions, and representatives of the Ukrainian government. Up to 25 percent of the accumulations will be used to finance the National Agency for Search and Management of Illegal Assets.

Deputy Prosecutor General Vitalii Kasko added the PGO is ready to seek a compromise with MPs for the amendments to the Criminal Procedure Code to be voted for but stressed that the compromise "must be reasonable" and any changes should not completely distort the essence of the bill.

Read more: Anti-Corruption Committee wants Shokin to report in Parliament on investigation into 'diamond' prosecutors
 
 
 
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