Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Austria freezes Ukrainian PM's son's assets

Share this article

Austria freezes Ukrainian PM's son's assets
Photo: APA File
09:36 CEST+02:00
According to a report from German broadcaster Deutsche Welle, the Austrian government has frozen the assets of a company controlled by Mykola Azarov, the son of the former Prime Minister of Ukraine, together with a Ukrainian businessman named as Serhiy Kurchenko.

DW reports that the company, LPG Trading, has been under investigation on suspicion of money laundering since March. The sum of money involved amounts to €6 million.

Kurchenko and Azarov’s business in Austria and Germany was conducted "through the Dutch company Stichting Depositary Donau Investment Fund, the owners of which are hidden in offshore areas," according to DW. 

It has reportedly taken Austrian authorities half a year to conclusively prove that Yanukovych’s entourage is involved in this business.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

Is this the world's most international business school?

It's not just one of the world's leading business schools. It's also a chance for students to have a truly international undergraduate experience.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement