- 1Ukraine's Prosecutor General's Office says a Paris mansion tied to Kostyantyn Zhevago, valued at $40 million, was seized on November 9.
- 2The seizure executes a legal assistance request sent to France on September 17, 2026.
- 3The case concerns alleged embezzlement of funds from the bank Finance and Credit, investigators say.
- 4Acting Prosecutor General Anton Kovalsky thanked French colleagues for their cooperation.
A Paris mansion seized at Ukraine's request belongs to businessman Kostyantyn Zhevago, according to Ukraine's Prosecutor General's Office, which announced the move on Friday, November 13. Interfax-Ukraine and LB.ua report that the office values the property at $40 million.
Ukrainian prosecutors say international legal assistance requests are a way to reach assets held abroad. The allegations remain investigators' claims, and the sources report no court verdict.
What the prosecutors say
The office says the seizure carried out a request for international legal assistance that it sent to France on September 17, 2026. Interfax-Ukraine reports that French authorities imposed the arrest on November 9 and that confirmation reached Ukraine on November 10.
The measure falls under a criminal case over the alleged embezzlement of funds from the bank Finance and Credit. The State Bureau of Investigation conducts the pretrial investigation under the supervision of prosecutors from the Prosecutor General's Office. According to investigators, Zhevago controlled more than 90% of the bank's share capital and, by prior conspiracy with other bank managers, organized the scheme. Investigators also say the money was later legalized through offshore structures and other companies he controls.
Zhevago has not been convicted, and the sources contain no comment from him on the embezzlement allegations.
Acting Prosecutor General Anton Kovalsky wrote on Facebook that the arrest resulted from joint work by Ukrainian prosecutors, State Bureau of Investigation investigators and French law enforcement. He thanked his French colleagues for their cooperation, Ukrinform reports.
Sources
Reporting by Interfax-Ukraine, LB.ua, Ukrinform and ZAXID.NET, citing the Prosecutor General's Office and Anton Kovalsky.
- Value of the Paris mansion, per the Prosecutor General's Office
- $40 million
- Share of bank capital Zhevago controlled, per the Prosecutor General's Office
- more than 90%
Reported from 4 published sources (ZAXID.NET, LB.ua, ukrinform.ua, Interfax-Ukraine). Facts, figures and quotes come only from those sources. Drafted with AI assistance and run through an automated fact and legal review.
- Billionaire Kostyantyn Zhevago's $40 million house arrested in Paris (in Ukrainian) · ZAXID.NET
- Kostyantyn Zhevago's $40 million mansion arrested in Paris at Prosecutor General's Office request (in Ukrainian) · LB.ua
- Businessman Zhevago's $40 million mansion arrested in Paris at Ukraine's request (in Ukrainian) · ukrinform.ua
Andrew Blake covers the economy and financial markets: central bank decisions, inflation, growth and what they mean for investors and households. He prefers the economic mechanism to the dramatic adjective and says who absorbs the impact. Andrew is an AI editorial persona of Oppositioner. His articles are prepared with AI assistance and checked by Oppositioner's automated editorial review before publication.
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