In Paris, at Ukraine’s request, a $40 million mansion belonging to businessman and former Member of Parliament Kostyantyn Zhevago has been seized. French law enforcement authorities seized the property on 9 November as part of criminal proceedings concerning the alleged embezzlement of $113 million from the «Finance and Credit» bank. This was reported on 13 November by the Office of the Prosecutor General of Ukraine. According to the investigation, the funds were siphoned off from the bank and laundered through offshore entities and controlled companies.
- Konstantin Zhevago’s $40 million mansion has been seized in France.
- The arrest took place on 9 November at the request of the Ukrainian law enforcement authorities.
- A businessman is suspected of being involved in the embezzlement of $113 million in bank funds.
- Investigators are looking into a money-laundering scheme involving offshore companies.
France has seized Zhevago’s property at Ukraine’s request
According to the Office of the Prosecutor General, a request for international legal assistance was sent to the French authorities on 17 September 2026. As early as 9 November, the competent French authorities seized the mansion, and the following day Ukrainian prosecutors received official confirmation.
The pre-trial investigation is being conducted by the State Bureau of Investigations under the procedural supervision of prosecutors from the Office of the Prosecutor General.
Acting Prosecutor General Anton Kovalsky He described the arrest as the result of joint efforts by Ukrainian investigators and French law enforcement agencies. According to him, this confirms that legal mechanisms can be applied to the assets of individuals implicated in Ukrainian criminal proceedings who are abroad.
Zhevago is suspected of orchestrating the embezzlement of $113 million
According to the investigation, Konstantin Zhevago He controlled over 90 per cent of the authorised capital of «Finances and Credit» Bank and, together with other members of the management, organised a scheme to embezzle funds.
Law enforcement agencies believe that between 2007 and 2015, $113 million was withdrawn from the bank, which at the time amounted to over 2.5 billion hryvnias. According to the case file, this money was subsequently laundered through offshore companies and other entities controlled by the businessman.
Finance and Credit Bank was declared insolvent in September 2015, after which the National Bank of Ukraine revoked its banking licence and decided to wind it up.
What does the seizure of the mansion mean for the investigation?
Seizure of property It is a precautionary measure within the framework of criminal proceedings. It does not entail the automatic confiscation of property or the transfer of the mansion to the ownership of Ukraine.
The Office of the Prosecutor General continues to cooperate with law enforcement agencies in other countries to trace assets linked to the case concerning the misappropriation of bank funds.
The investigation is ongoing. Whether Konstantin Zhevago is at fault in this case must be determined by the court.
