The Ministry of Justice of Ukraine, based on materials from the State Bureau of Investigation, filed a claim with the High Anti-Corruption Court for the application of sanctions in the form of recovery of the assets of Royal Pay LLC in the form of securities and cash to the state for a total amount of over UAH 1.8 billion.
As Ukrinform reports, the DBR reports this.
DBI investigators, under the procedural leadership of the Office of the Prosecutor General, 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 of Ukraine,” the message says.
During the investigation, law enforcement officers established a connection between the Sia Royal Pay Europe company and the Russian bookmaker 1xBet, represented in Ukraine by Your Betting Company LLC.
By decree of the President of Ukraine Vladimir Zelensky, the decision of the National Security and Defense Council “On the application of personal special economic and other restrictive measures (sanctions)” to the non-resident legal entity Sia Royal Pay Europe was put into effect for a period of 5 years.
In turn, the Presidential Decree and the decision of the National Security and Defense Council imposed sanctions on LLC “Your Betting Company” for a period of 50 years.
It is also confirmed that the Ukrainian 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 (ARMA) this summer. Currently, interest income from the management of these assets placed on deposit with a state banking institution amounts to almost UAH 43 million. However, this is not enough to finance the needs of the state in the conditions of Russian aggression.
That is why the DBR, within the framework of the current legislation, initiated 100% recovery of the assets of Sia Royal Pay Europe to the state income in accordance with the provisions of the Law of Ukraine “On Sanctions”.
As reported, the President enacted the decision of the National Security and Defense Council of January 12 this year on the imposition of economic sanctions against a legal entity – Royal Pay Europe LLC with a legal address in Latvia.