Attorney Yuriy Radzievsky reported that the Kyiv Court of Appeals has lifted the preventive measure of nighttime house arrest imposed on Volodymyr Repik, director of the Finance Department of the Kyiv City State Administration. Instead, the court imposed a personal commitment on him.

Yuriy Radzievsky posted a corresponding update on his Facebook page.

According to the defense, the case regarding alleged official negligence during internal borrowing in 2020–2021 is gradually losing its basis.

The prosecution claims that Repik independently decided to issue internal bonds worth over 2.5 billion hryvnias, despite Kyiv’s budget surplus, which allegedly caused losses of over 581 million hryvnias.

At the same time, the defense emphasizes that the official was merely carrying out a collegial decision by the Kyiv City Council to issue bonds. The defense attorneys also note that the law does not prohibit borrowing when the budget is in surplus, and the capital’s development budget was in deficit at that time.

Furthermore, the bond issuance in 2020–2021 was approved by the Ministry of Finance of Ukraine, which authorized the relevant terms and borrowing amounts. An audit by the State Audit Service of Ukraine also found no violations.

According to the defense, the prosecution failed to provide adequate evidence of the alleged losses. The attorneys state that they are continuing to work toward the official’s full acquittal.

The Shevchenkivskyi District Court refused to suspend Volodymyr Repik, head of the Kyiv City State Administration’s Finance Department.

As a reminder, searches are underway at the Kyiv City State Administration’s Finance Department, and the director has been served with a notice of suspicion.




Author: Yuriy Radzievsky, Attorney and Partner at Barristers

Source: Barristers Facebook

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