The court of appeal quashed the arrest of shares of Ukrtelecom

Апелляционный суд отменил арест акций Укртелекома

Shares of Ukrtelecom has been under arrest for more than four months

The court fully upheld the complaint of the company’s ESU.

The Kyiv court of appeals quashed the arrest of shares of the telecommunication operator Ukrtelecom. This is stated in the text of the judgment, transmit Ukrainian news.

According to him, the representative of the owner of the property of the ESU filed an appeal against the decision of the investigative judge of Pechersky district court of Kiev dated 11 April, which was seized 92,7906% stake in Ukrtelecom.

In support of his claims, the appellant refers to the absence of grounds for applying the measures of providing of criminal proceedings against LLC ESU, as officers of the society are not notified of the suspicion.

In addition, in the opinion of the representative, the petition for arrest of property filed by a person without the relevant legal authority.

In particular, the appellant refers to the provisions of article 64-2 of the Criminal procedural code under which a petition for seizure of property of a third person may contact only the attorney.

However, the petition for arrest of the property of OOO ESU was filed by the investigator, not the Prosecutor.

Also, the representative of the ESU pointed out that the consideration of the petition for the arrest of shares held without notice of the property owner or his representatives.

The panel of judges of the court of Appeal decided that the pre-trial investigation body had not sufficient grounds to initiate an arrest of property of Ukrtelecom, as to any person under the criminal proceedings are not notified of the suspicion.

Thus, the court fully upheld the complaint ESU and quashed the arrest of shares in Ukrtelecom. The court’s decision is not appealable.

Recall that the owner of a 93% stake in Ukrtelecom SCM is owned by businessman Rinat Akhmetov. In 2011, the Ukrtelecom founded the company Trimob for the provision of mobile services.

As reported Корреспондент.netin April of this year the Pechersky court of Kiev has seized the shares of Ukrtelecom and Trimob company in connection with a criminal case of embezzlement of public money by former President Viktor Yanukovych.

We will remind, on July 17 it became known that the Kyiv court of Appeals released with 100% of the shares of mobile operator Trimob.