Latvian Appeals Court leaves in force decision on special confiscation of Ivaniuschenko’s USD 26 million

Yuriy Ivaniushchenko, then a lawmaker with the Party of Regions led by ousted President Viktor Yanukovych, in the Verkhovna Rada on Dec. 12, 2012.

Photo by UNIAN

The Appeals Court of Latvia has left in force the decision of a lower court on the special confiscation of USD 26 million belonging to businessman and ex parliament deputy Yuriy Ivaniuschenko from the Party of Regions, deputy head of Ukraine’s Prosecutor General’s Office Yevhen Yenin has said.

“His lawyers were unable to prove the legality of the given funds. The decision of the court is final and can not be appealed. Ukrainian investigators have been in constant contact with their Latvian colleagues, who helped confiscate his money in Latvia,” Yenin wrote on his Facebook page on March 8.

Ivaniuschenko lost the ability to recover this money, according to Yenin, who said Ukraine now has the chance to seize the funds once a relevant court decision in Ukraine takes force.

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