“Investors of the capital’s LCD stole money. The ex -head of the bank and the developer brought millions of hryvnias on March 5, 11:30 to share: New building (photo: CMB press service) police suspect the exchanging of the Arcade Bank and the developer in the waste of 110 million UAH This was reported by Kyiv police. Read also: From the 26th attempt. Deposit Guarantee Fund sold the office of Arcad’s Bank and pays with all”, – WRITE ON: ua.news
New building (Photo: KMB press service)
Police suspects the exchanging of the Arcade Bank and the developer of 110 million UAH of conscientious depositors of construction of a residential complex in Darnytskyi district of Kyiv.
This was reported by Kyiv police.
The investigation found that in 2014, a contract was concluded between the Arcade Bank and the construction firm, according to which the company had to build and put into operation a residential complex in the Darnytskyi district of the capital. At the same time, the money for construction received from investors should be directed solely for its intended purpose and were in a special fund, which was controlled by the financial institution.
“In 2018, the former chairman of the Bank Board, conspiring with the general contractor, developed a fraudulent scheme for which investors, which is more than UAH 110 million, acquired corporate rights in the construction firm under their controlled construction firm, allegedly to “prevent risky situations in the future”, ” – “At the time of the transaction, the real value of these rights was 1 UAH, since the enterprise was characterized (More than UAH 110 million), and two months before it initiated the bankruptcy procedure. “
It is noted that as a result of the equipment, the residential complex was never built, leaving the family of investors without housing.
The defendants of the case were informed of the suspicion of committing a criminal offense under Part 5 of Art. 191 of the Criminal Code (The waste of another’s property, by abuse of office, committed by a group of persons, in particularly large amounts). They face up to 12 years in prison with confiscation of property.
According to the report, the expostine of JSC Arcade was previously reported suspected of committing a crime under a similar scheme – then under the guise of purchase of securities from the depositors accounts, they withdrew almost half a billion hryvnias.
As it was reported, in July 2024 the Deposit Guarantee Fund completed the liquidation of the Arcade Bank.
The Arcade Bank was created in 1993, specializing in construction lending. The owner of the 74% of the bank was Konstantin Palivoda.
The NBU recognized Arcade Bank insolvent in August 2020. The decision was made in connection with the loss of the main asset – the building of the head office and the land plot. Due to the bank’s regulatory capital decreased to one third of the minimum established level. The Arcade had to be declared insolvent in order to protect the interests of depositors and creditors of the bank, explained in the NBU.
Following the decision of the National Bank, the Ministry of Internal Affairs stated the facts of theft of UAH 9 billion from the funding funds of the Bank of Arcade.
In September 2020, the NBU decided to liquidate the Arcade Bank, and Palivoda was suspected of withdrawing UAH 50 million from the bank. In February 2021, he was informed about a new suspicion of withdrawing another 22 million UAH.
On March 1, 2024, the Arcade Bank owner received a new suspicion. He faces up to 12 years in prison.