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 Special confiscation bill should be adopted to avoid losing embezzled funds, PM Hroisman says

If Verkhovna Rada blocks the process of return of funds to Ukraine that had been embezzled by former authorities, they might be lost for ever.

This was stated by Ukraine's Prime Minister Volodymyr Hroisman in the parliament, Censor.NET reports citing UNIAN.

He reminded about the bill submitted to the Rada by the Cabinet on confiscation of funds and said the Cabinet expected constructive and fruitful discussion of the bill and its subsequent passing.

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

"The funds that had been stolen should be returned. This is our duty. I have no idea who will be responsible if these funds disappear," the prime minister said.

Hroisman also noted that the amount of embezzled assets totals around 40 billion hryvnia ($1.54 billion). The state budget bill for 2017 stipulates for use of 10 billion hryvnia of this amount.

Read more: Yanukovych siphoned off 2 billion hryvnia monthly from Dnipropetrovsk region, - Deputy Prosecutor General Yenin

"These funds - in the amount of 40 billion hryvnia - should be spent on economic development, increase in defense capability of the country, and higher social standards," the prime minister said.
 
 
 
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