Thursday, June 30, 2011

Ukrainian Authorities Seize Assets Of Former Premier, Minister

KIEV, Ukraine -- Ukraine authorities seized assets owned by former Premier Yulia Tymoshenko and former Interior Minister Yuriy Lutsenko as part of a pre-trial investigation, Deputy Prosecutor General Mykhailo Gavrilyuk said here Friday.

Former Ukrainian Prime Minister Yulia Tymoshenko adjusts her glasses as she attends a pre-trial hearing at a city court in Kiev June 25, 2011. Ukraine authorities seized assets owned by former Premier Yulia Tymoshenko and former Interior Minister Yuriy Lutsenko as part of a pre-trial investigation, Deputy Prosecutor General Mykhailo Gavrilyuk said here Friday.

Gavrilyuk said Lutsenko caused damage to the state estimated at $122,000 U.S. dollars, and property, including his apartment, with a total value of $200,000 dollars had been seized.

Gavrilyuk said his office was still valuing the property seized from Tymoshenko.

The deputy prosecutor general estimated the losses Tymoshenko caused to Ukraine by buying gas at unsuitable market prices in 2009 to be $187 million dollars.

Both Tymoshenko and Lutsenko are accused of abusing power.

On Wednesday, Ukraine's lawmakers announced Tymoshenko would face from seven to ten years imprisonment on the charges, which involve gas contracts with Russia.

There are three criminal cases instituted against the former Ukrainian premier.

Source: Xinhua

1 comment:

Lowell said...

Unbelievable! This was the best gas deal available at the time which allowed for the ending of the gas embargo. Granted, in hindsight, one would have liked a better deal. However, this was a compromise between the pigheadedness of Yushchenko and Putin to be the big man on the block. Tymoshenko stepped in with a compromise that would get the gas flowing again to Europe. And for this she is punished? It was always understood that the contract would be renegotiable. This is purely a political stunt by Yanukovich to ensure that he has no rival come the next election cycle, leaving him the de facto ruler of the country.