Seeking justice in multi-jurisdictional fraud, creditors must be prepared for the long haul

According to a press release issued by the Cypriot police, on 31st January 2020, a
42-year-old Ukrainian national had been arrested in Budapest pursuant to a
European arrest warrant, extradited to Cyprus and remanded in custody, in
connection with financial fraud totaling $92m, orchestrated through Cypriotregistered
companies. The individual arrested was the CFO of Mriya Agro Holding
Public Ltd (“Mriya”), the Cypriot holding company of what was once one of Ukraine’s
largest agricultural groups. Others wanted in connection with this matter are in
hiding in Switzerland, where the authorities are known to be slow in executing
international arrest warrants.