Mriya’s creditors have no chances of money recovering, Concorde Capital

Embezzlement investigation of Mriya Agroholding by Ukrainian law enforcement may continue, yet it will bring no outcome to Mriya's former creditors. Such an opinion was expressed by Alexander Paraschiy, Head of Research at Concorde Capital.

"Such a precedent shows that the Ukrainian courts are reluctant to convict anybody for financial fraud, which definitely plays against Ukraine’s investment climate," he comments.

Alexander Paraschiy notes that law enforcement bodies no longer suspect Nikolai Guta in fraud, which Concorde Capital expected would be the most likely outcome after he returned to Ukraine.

As previously reported, the Specialized Anti-Corruption Prosecutor's Office closed criminal proceedings concerning suspicion of fraud to the former top manager of Mriya Agroholding Nikolai Guta.