Former Lawmaker Zhevago Notified of Charges in Paris Over $519 Million Embezzlement Scheme.

The Case of Kostyantyn Zhevago

According to Novyny.live: Kostyantyn Zhevago, a former Ukrainian parliament member and the ultimate beneficiary owner of the bank 'Finance and Credit', has been formally notified of suspicion in a case involving the illegal diversion of more than 519 million hryvnias. The charges against him include forming a criminal organization, misappropriation of assets, and laundering proceeds obtained through criminal activity. This notification took place in Paris, where Zhevago is currently located.

According to available information, Zhevago controlled over 96% of the charter capital of 'Finance and Credit'. The total damages resulting from his actions exceed 519 million hryvnias. In 2024, the High Anti-Corruption Court of Ukraine issued an in absentia arrest warrant for Zhevago in this case, underscoring the severity of the allegations.

New Charges and Sanctions

Furthermore, in 2025, Zhevago was served with additional charges for orchestrating the sale of Ukrainian pharmaceutical products within Russia. These actions have drawn further scrutiny from law enforcement agencies. As a result, President Volodymyr Zelenskyy imposed sanctions against Zhevago.

The key accusations facing the former lawmaker include:

• establishing a criminal organization
• embezzlement of property
• legalizing illegally obtained income

This case remains a central focus for both the public and law enforcement due to its significant financial and social ramifications.

The legal proceedings against Kostyantyn Zhevago represent a critical front in Ukraine's broader fight against corruption, highlighting the persistent challenges the country faces with financial crimes and money laundering. The developments surrounding this former deputy could have far-reaching implications for Ukraine's economy, public trust in its financial institutions, and international relations, particularly in the context of imposed sanctions. The situation continues to evolve as authorities aim to uncover and penalize all violations linked to this case.