Asset Recovery Watch

ARW-151
Pavel I. Lazarenko (Antigua and Barbuda)
Ukraine
Member of Parliament (1998); Prime Minister (1996-1997); First Vice Prime Minister (1995-1996); various government and political positions, Dnepropetrovsk region (1992-1995)
Antigua and Barbuda
Asset Location / Alleged Asset Location
2004
Ongoing
Art.15, Art.17, Art.18, Art.20, Art.23
Yes
Actions Initiated by Foreign Jurisdictions
Unknown
Unspecified
Ongoing Case
Ongoing
Investigation/Asset Tracing/Asset Restraint
$87,100,000 (Amount indicated on US civil asset forfeiture complaint)
Ongoing
N/A
See related entry - Pavel Lazarenko (US Civil Asset Forfeiture Case).  According to the November 2010 judgment by the High Court of Justice of Antigua and Barbuda in Claim No: ANUHCV 2010/0298 Between:  The Liquidators of Eurofed Bank Limited (in Liquidation) and The Supervisory Authority, "On 21 st September 2010 Harris,J. ordered that a Restraining Order of the United States District Court for the District of Columbia be registered in the High Court of Justice of Antigua and Barbuda and given effect with respect to all funds or property restrained thereby which are held or controlled by Scotia Bank, High Street, S1. John's, Antigua and the Joint Liquidators of Eurofed Bank (In Liquidation). On 12th October 2010 the Learned Judge gave his reasons for decision in a written judgment delivered on that day by the Registrar of the High Court. [ ] By Notice of Application filed on 20th October 2010 the Liquidators of Eurofed Bank Limited (In Liquidation) made application to the Court for leave to appeal against the aforesaid judgment of Harris, J. and for stay of execution, enforcement and all further proceedings on the decision and orders of Harris, J. dated 12th October 2010 and on the registered United States District Court Restraining Order dated 8th July 2005 pending the hearing of the appeal. the Court takes the view that the Intended Appellants may well have a very difficult task to convince the Court of Appeal to overrule the decision of Harris, J. in this matter but they do have a realistic prospect of doing so."  The Court granted leave to the liquidators of Eurofed Bank to appeal.  (Source:   CLAIM NO: ANUHCV 2010/0298 Between: The Liquidators of Eurofed Bank LImited (in  liquidation), Intended Appellants and and The Supervisory Authority, High Court of Antigua and Barbuda, Judgment of November 12, 2010, accessed at the website of the Eastern Caribbean Supreme Court at http://www.eccourts.org/judgments/decisions/2010/LiquidatorsofEurofedBan....).  In 2011, the Restraining Order was upheld by the Court of Appeal. (Source: The Liquidators of Eurofed Bank Limited and The Supervisory Authority, HCVAP 2010/051, November 21, 2011.)  

According to the U.S. Department of Justice Press Release dated November 19, 2009, Mr. Lazarenko was sentenced to 97 months in prison, subsequent to his conviction on eight counts of money laundering. (Source: U.S. Department of Justice, "Former Ukrainian Prime Minister Sentenced to 97 Months in Prison," November 19, 2009.) According to BBC News, Mr. Lazarenko was convicted in Switzerland, in June 2000, on money laundering charges. (Sources: BBC News, "The case against Lazarenko," August 25, 2006. See also, Swiss court decisions: BGer 125 II 356 (excerpt, judgment of 25 June 1999) and BGer 125 II 238 (excerpt, judgment of 8 April 1999), both of Canton of Geneva, administrative law court).

Prosecutor General
Prosecutor General
Unspecified
Attorney General
High Court of Antigua and Barbuda