Absence of sentences demotivates investors and society - Artem Sytnyk

01.03.2018 00:00

It is important to make every effort to ensure the adoption of the Law On the High Anti-Corruption Court by the end of March 2018. It is equally important to take into consideration all the recommendations of the Venice Commission. Only in this case there is a chance to launch this court and give impetus to the continuation of anti-corruption reform by the end of the year. This was emphasized by the Director of the National Anti-Corruption Bureau of Ukraine (NABU) Artem Sytnyk at the 14th Annual Ukraine Investor Conference Dragon Capital, which took place on March 1-2, 2018, in Kyiv.

"One of the priorities of the NABU's work is to protect rights and interests of investors. Over the past year, we have significantly increased the number of contacts with investors. We witness the growing confidence in our actions. However, there is a problem with the lack of court sentences as of top-corrupt officials’ cases. This situation demotivates investors, society and the NABU Detectives, whose efforts do not lead to the expected results, "Artem Sytnyk said.

According to the NABU Director, the reverse process begins after the National Bureau directs the completed cases as of top-corrupt officials to court. The cases are not being considered, and judges make decisions to mitigate or even abolish preventive measures for suspects. The situations when the suspects are being reinstated in posts became a practice lately.

"The case as of the fact of abusing of office by the Director of the LLC «Zaporizhzhya Titanium and Magnesium Combine» (ZTMC), who had caused almost half billion damage to the State, is the bright example to illustrate the challenges faced by the NABU. The case has not been considered in court for more than a year. During this period of time the court canceled the preventive measure for the Director, he was not removed from the office, moreover, the contract has been extended for another year with him », - Artem Sytnyk said.


Participants of the 14th Annual Ukrainian Investment Conference Dragon Capital are more than 100 executives of Western Investment funds and banks that are already investing or considering to invest in government securities and / or domestic public and private companies.