Wednesday, October 28, 2020

Swiss court convicts Ukraine former MP on money laundering charges


On June 26, the Federal Criminal Court of Switzerland found former Member of Parliament of Ukraine Mykola Martynenko guilty of laundering about EUR 2.8 million through the Swiss financial system “as part of a criminal group.”

The court also convicted another citizen of Ukraine, Pavlo Skalenko, who, together with the former Ukrainian parliamentarian, appears in Ukrainian criminal proceedings of the National Anti-corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO), according to the Skhemy (Schemes) program, which cites three sources.

Martynenko was sentenced to 28 months in prison, 12 of which are “unconditional imprisonment.” Skalenko will spend 24 months in prison.

The Criminal Chamber of the Federal Criminal Court met in the city of Bellinzona at 14:00 local time on June 26.

- Advertisement -

According to Swiss law enforcement agencies, Martynenko and Skalenko were suspected of opening accounts in Swiss banks used to buy real estate and assets in Switzerland and other countries with money obtained illegally in Ukraine and the Czech Republic.

According to the investigation, the former lawmaker instructed an accomplice, Pavlo Skalenko, to set up an offshore company in the Republic of Panama. Various citizens of Panama were its directors, but they all appointed Martynenko as their authorized representative.

Then, according to the law enforcement agencies, following Martynenko’s instructions, his accomplice opened bank accounts in Switzerland on behalf of an offshore company, indicating Mykola Martynenko as the beneficial owner of the assets in respective documents.

Martynenko pleaded not guilty.

- Advertisement -

The case in Switzerland is connected with the Ukrainian case against the former MP and his accomplices, which was opened by NABU and SAPO and which is now being considered in Ukraine’s High Anti-Corruption Court.

Original article on


Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World


Latest News

This Week

Australian court approves $920 million Westpac money laundering fine

The Federal Court of Australia has agreed on the deal struck between the Australian Transaction Reports and Analysis Centre (AUSTRAC) and Westpac, ordering the Australian...

Actress Felicity Huffman complete full sentence for role in college admissions scam

Felicity Huffman has completed her full sentence for her involvement in the college admissions scandal. As of Sunday, she has finished her sentence, which included jail...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Swiss court upholds money-laundering conviction of ex-Ukrainian lawmaker Martynenko

A Swiss court has upheld the conviction of former Ukrainian lawmaker Mykola Martynenko for laundering via Swiss banks millions of dollars worth of kickbacks...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks