Breaking news 2018-11-08 19:12

Kyiv court frees ex-CEO of Ukrainian agro holding

Mykola Guta was released on his personal recognizance

Press secretary of the Prosecutor General's Office (PGO) of Ukraine Andriy Lysenko says Kyiv's Shevchenkivsky district court ruled that ex-CEO of Mriya Agro Holding PLC Mykola Guta suspected of fraud and extradited from Switzerland to Ukraine on November 5 should be released without bail.

"Yesterday [November 6], the Shevchenkivsky district court ruled that citizen G. [Mykola Guta], who has recently been extradited from Switzerland to Ukraine, should be freed on his personal recognizance," he said, the Ekonomichna Pravda economic news outlet reported on November 7. "The probe will be conducted by the Investigation Department of the National Police's General Directorate in Kyiv, while the Kyiv Prosecutor's Office will supervise the procedures," he added. The Shevchenkivsky district court later issued a statement saying that the National Police's investigator had not demanded the arrest of Guta. As was earlier reported, Guta was put on the Interpol wanted list in 2015 for committing large-scale fraud (Part 4 of Article 190 of the Criminal Code of Ukraine). Ukrainian parliamentarian Anton Gerashchenko said then that Guta was suspected of fraud and misappropriation of over $100 million of eight foreign investment funds. On November 5, it became known that Mriya Farming and SALIC UK had completed the sale and purchase deal for the majority of Mriya Agro Holding's agricultural assets.