The court seized the property and stocks of Motor Sich

News

The court seized the property and stocks of Motor Sich

22.03.2021 News

The Shevchenkivskyi District Court of Kyiv has seized the property and 100% of the shares of Motor Sich. This was announced on Saturday, March 20, the press service of the SBU.

The property of the enterprise has been transferred to the management of the National Agency for Detection, Investigation and Management of Assets Obtained from Corruption and Other Crimes (ARMA) with the obligatory determination of a state-owned management company.

The SBU reminded that it is conducting pre-trial investigations into Motor Sich in two areas:

  • on the grounds of crimes under Articles 14, 15, 111 and 113 of the Criminal Code of Ukraine (concerning sabotage and subversive activities in favor of the Russian Federation);
  • on the grounds of crimes under Articles 209, 212 and 364 of the Criminal Code of Ukraine. It examines violations of the law during the initial privatization and subsequent illegal concentration of shares.

“It’s not just about the fate of one company, but about how the state is able to protect its own interests. After all, the preservation of the Ukrainian Motor Sich – a matter of national security,” – said the head of the SBU Ivan Bakanov.

It is noted that the company will continue to operate in accordance with current legislation, with the preservation of jobs and fulfillment of obligations under production orders.

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