"On May 11, Ukraine's National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor's Office (SAP) filed a notice of suspicion against Andrii Yermak, the former head of the Ukrainian Presidential Office. Under Ukrainian law, this step is equivalent to filing charges in court. He was accused of "money laundering as part of an organized group," a charge that can lead to a prison sentence of eight to 12 years."
"According to anti-corruption authorities, the group to which Yermak is alleged to have belonged is estimated to have laundered 460 million hryvnia (9 million or $10.5 million) in connection with a luxury construction project near the Ukrainian capital Kyiv. Charges have also been filed against six additional individuals. "This is a particularly serious crime, said SAP head Oleksandr Klymenko at a press conference in Kyiv. "We are currently gathering evidence.""
"SAP and NABU also filed a motion with Ukraine's anti-corruption court, requesting two months of pretrial detention for Yermak. On Thursday, the authorities followed through, taking Yermak into custody on money laundering charges and setting bail at $3.2 million . This week, a court ordered the pre-detention trial of Yermak"
"According to the investigators, the affair dates back to 2018 when one of the members of the accused criminal group became a co-founder of the company BLOOM Development, as evidenced in a video released by NABU. In the summer of 2019, the company acquired more than four hectares of land near the Ukrainian capital, beginning construction in 2021 on a luxury housing complex named "Dynasty." The prosecutors allege that the site was used to funnel illicitly obtained funds back into the legal economic system, using fictitious documents, cash transactions and shell companies."
NABU and SAP filed a notice of suspicion against Andrii Yermak, former head of the Ukrainian Presidential Office, for money laundering as part of an organized group. The charge carries a potential prison term of eight to 12 years. Authorities allege the group laundered about 460 million hryvnia connected to a luxury construction project near Kyiv. SAP and NABU requested two months of pretrial detention, and Yermak was taken into custody with bail set at $3.2 million. Investigators trace the alleged scheme to 2018, when a group member became a co-founder of BLOOM Development. In 2019 the company acquired land near Kyiv and began building the “Dynasty” luxury housing complex in 2021. Prosecutors allege illicit funds were funneled into the legal economy using fictitious documents, cash transactions, and shell companies, with charges also filed against six other individuals.
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