Lawyers of Ukrainian oligarch Firtash seek his release from Austrian jail

By bne IntelliNews February 22, 2017

Lawyers of Ukrainian oligarch Dmytro Firtash, who was detained in Vienna on a Spanish arrest warrant on February 21, are seeking their client's release on bail from a jail in the Austrian capital, according to the Ukrainska Pravda online outlet.

"Firtash should be bailed in the Spanish case soon," the publication quoted an unnamed "representative of the businessman" as saying. Firtash will stay in Vienna due to the fact that his defenders "found a formula for challenging" an Austrian court ruling allowing his extradition to the United States, the source said.

Firtash was detained in Vienna on a Spanish arrest warrant on February 21, shortly after the US request to extradite him over bribery allegations was upheld by the Higher District Court of Vienna. A court in Vienna initially refused to extradite him in 2015.

In 2016, the Anti-Corruption Prosecutor's Office of Spain put Firtash on the international wanted list for alleged money laundering in large amounts.

Crimes allegedly involve tens of millions of euros of criminal origin that were transferred for Firtash through a number of offshore companies in Panama, while some of the funds were invested in Spanish real estate.

Meanwhile, Firtash is wanted in the US for allegedly bribing Indian officials to secure mining licences. The Austrian court accepted the argument of Firtash and his lawyers that the US case was politically motivated, and was aimed at removing the businessman from active participation in Ukrainian politics.

Meanwhile, the pro-Russian Opposition Bloc in Ukraine, which is partly controlled by Firtash, said on February 22 that the Ukrainian aviation authorities have closed the air space for private planes to prevent the businessman from returning to his homeland.

"We attribute this decision to possible return home of the well-known businessman," the Bloc's lawmaker Mykola Skoryk told journalists in the country's parliament. "This situation already took place in 2015, when Firtash was going to visit a congress of Ukrainian Federation of Employers [headed by Firtash at the time]. Radicals together with the authorities did everything to prevent this, they locked [Kyiv] airport."

Related Articles

Ukraine places $3bn in 15-year Eurobonds at 7.375%

Ukraine has placed $3bn in 15-year Eurobonds at 7.375% per annum, Ukrainian President Petro Poroshenko said during a meeting with international investors in New York on September 18. "Ukraine has ... more

Ukraine's rail monopoly to inject $6bn into capital investment in 2017-2021

Ukraine's state-owned railway monopoly Ukrzaliznytsia is going to spend up to $6bn in capital investment in 2017-2022, according to the company's development strategy presented by the monopoly's ... more

Georgia's ex-president Saakashvili vows to fight stripping of Ukrainian citizenship

Mikheil Saakashvili, the former president of Georgia and ex-governor of the Odessa region in Ukraine, said in a Facebook post on July 27 that he will fight Ukrainian President Petro Poroshenko's ... more

Dismiss