Kaskiv case: Kaskiv pays USD 600,000 and is now on bail

21:52 Aug. 22, 2016

Kaskiv pays USD 600,000 and is now on bail

Former head of the State Agency for Investment and National Projects of Ukraine Vladyslav Kaskiv. (UNIAN Photo)

Kaskiv was released on September 30th, immediately after he paid the sum

The former head of the State Agency for Investment and National Projects of UkraineVladyslav Kaskiv, was released on bail after he paid USD 600,000. In Ukraine, he is accused of public funds embezzlement, conversion of property by abuse of official post committed in respect of an especially gross amount and forgery in office.

The court in Panama arrested Vladyslav Kaskiv for 40 days  now released on bail. Kaskiv has to check at a police station twice a day and cannot leave Panama City. Meanwhile, Panama court decides on extradition possibility.

Deputy Prosecutor General of Ukraine, Yevhen Yenin said that paying USD600,000 – is just one more evidence that Kaskiv is corrupted and tries to escape facing Ukrainian authorities.

"We are going to investigate and to establish the full list of movable and immovable assets that belong to Kaskiv or people connected to him in Panama. Then we will decide to either demand arresting his property there or to imply a warning on possible alienation of property in Panama. This is not a simple question. If we try to alienate something, we need to understand that our country will bear all the expenses", said Yevhen Yenin.

Read more More details revealed on Ukranian ex-official detained in Panama

Vladyslav Kaskiv headed the State Agency for Investment and National Projects of Ukraine from 2010 to 2014. On August 18, according to a report of the INTERPOL National Central Bureau in Panama, Kaskiv was detained on the border with Costa Rica when he failed to get a permit to enter the country on August 17, 2016. 

Watch more 'Ski instructor' Vladyslav Kaskiv detained in Panama (video)

According to Ukrainian Interior Minister Arsen Avakov, Kaskiv siphoned off UAH 255 million (USD 10.2 million) from Ukraine. At the end of March this year, Kaskiv was put on an international wanted list on the charge of embezzlement of public funds from 2012-2013 (UAH 7.5 million), under an agreement on advertising services, which was brokered by Kaskiv with a limited liability company.

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