A Kyiv court has released from custody Oleksandr Bandurchenko, the head of the King's Capital financial group, who is accused of large-scale fraud, on the condition that he does not leave his place of residence.
A source in law enforcement agencies told Interfax-Ukraine on
Tuesday that the court had taken the decision under a petition
submitted by Bandurchenko’s lawyer, as the period of his remanding in
custody had already expired (a defendant can be remanded in custody for
nine months at most during a pre-trial investigation), and that a
plaintiff had not submitted a respective petition.
At the same time, according to Interior Minister Yuriy Lutsenko, if
Bondarchuk doesn’t cooperate with the investigation, he will be
arrested again.
“Mr. Bondarchuk gives very important evidence and now the police
have no reason to question his further readiness to cooperate. If such
doubts occur, we will submit a petition that he be taken into custody,”
the minister told journalists in Odesa on Tuesday.
Lutsenko stressed that two other persons, the mediators between law
firms and an unknown person (one of the organizers of the fraud
scheme), were in custody.
“And we will do everything for them to remain there… We have enough
[charges] for them to be arrested again if they are released,” the
interior minister said.
“They will be under arrest until they give evidence about what they
did with citizens’ money, or they will answer personally for their
deeds,” Lutsenko said.
As reported, on November 24, 2008, Kyiv police officers arrested the
leader of Kyiv-based King’s Capital, Oleksandr Bandurchenko, on
suspicion of large-scale fraud. On November 27, 2008, Kyiv’s
Shevchenkivsky District Court ordered that Bandurchenko be remanded in
custody.
