Austria freezes Ukrainian PM's son's assets

The Local
The Local - [email protected] • 2 Sep, 2014 Updated Tue 2 Sep 2014 09:36 CEST
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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.

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The Local 2014/09/02 09:36

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