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The Ministry of Justice in Ukraine initiates the process of confiscation of valuable assets of the 1xBet company

The Ministry of Justice submits a claim to the Supreme Court for sanctions in the form of confiscation of assets in favor of the state. The Bureau asks to apply sanctions to Royal Pay LLC and to confiscate securities and funds totaling over 1.8 billion hryvnia in favor of the budget of Ukraine.

SBI investigators carry out pre-trial investigations within the framework of the relevant criminal proceedings under Part 4 of Art. 110-2 (Financing of actions committed with the aim of forcibly changing or overthrowing the constitutional order or seizing state power, changing the boundaries of the territory or state border of Ukraine), Part 4, 5 of Art. 191 (Misappropriation, embezzlement of property or taking possession of it through abuse of official position), Part 2 of Art. 364 (Abuse of power or official position), Part 2 of Art. 364-1 (Abuse of powers by an official of a legal entity of private law, regardless of the organizational and legal form) of the Criminal Code.

Sanctions were imposed on Your Betting Company LLC for a period of 50 years. It has also been confirmed that the Ukrainian bank accounts of SIA ROYAL PAY EUROPE contain funds of Russian capital totaling more than 1.8 billion in hryvnia equivalent.

Based on court decisions, these funds were seized, which the DBR transferred to the management of the National Agency of Ukraine for the identification, search and management of assets obtained from corruption and other crimes this summer. Currently, interest income from the management of these assets placed on deposit with a state banking institution amounts to almost 43 million hryvnia. However, this is not enough to finance the needs of the state in the conditions of Russian aggression.

The DBR, within the framework of the current legislation, initiated 100% recovery of assets for state income in accordance with the provisions of the Law “On Sanctions”.

https://368.media/2023/12/28/ministerstvo-yustitsiyi-vimagaye-konfiskuvati-tsinni-aktivi-1xbet-v-ukrayini/

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