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 Latvia ready to discuss restitution of seized funds stolen by Yanukovych-era officials, - PGO

Latvian Prosecutor General Eriks Kalnmeiers expressed readiness to discuss the possibility of reversion to Ukraine or distribution of funds seized from the bank accounts of certain Yanukovych-era officials.

Deputy Prosecutor General of Ukraine Yevhen Yenin said, Censor.NET reports citing 112 Ukraine.

Read more: Latvian-confiscated €50M of former Ukrainian officials could be returned to Ukraine under European Council and UN conventions, - PGO

"Our Latvian counterparts confirm the fact this money has to do with Ukraine. The Latvian side, at prosecutor general's level, has confirmed its readiness to negotiate the return of the money or their distribution," Yenin said.

To this end, Ukraine has to prove that the money comes from Ukraine and has been obtained in crime. Latvia is ready to cooperate with Ukrainian law enforcers to prove that the companies and seized funds belonged to Ukrainian officials.

Read more: Ukraine fails to return embezzled funds as information exchange with Latvia flops, - lawyer

He has acknowledged that Latvia was "outraged" by the work of Ukrainian law enforcers.

"A formal approach in dealing with the queries by the Latvian side as well as the lack of coordination among Ukraine's law enforcement agencies demonstrated during the previous period caused righteous indignation on behalf of our Latvian counterparts. All this impedes the establishment of the truth in the criminal proceedings," Yenin added.

He also notes that the funds have been confiscated by Latvia under a special procedure without any criminal conviction.

"An alternative to this step would be raising the seizure of the funds with their subsequent flying to a third jurisdiction," the deputy prosecutor general remarked.

Read more: Latvian budget boosted with €50M embezzled by former Ukrainian officials, - Delfi

As previously reported, 50 million euros, being a subject in the criminal proceedings into the embezzlement of Ukraine's public funds and their decriminalization through Latvian banks, has been recognized as illegally obtained and confiscated in favor of the Latvian state treasury. The alleged owner of the funds, Ukraine's ex-Deputy Prime Minister Arbuzov claims he does not have any bank accounts in Latvia and the information about the seizure of 50 million euros from his accounts in this country is false.
 
 
 
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