A fresh corruption scandal is unfolding in Ukraine. The Verkhovna Rada, Ukraine's parliament, has formed a special committee to investigate a new set of so-called Mindich tapes - leaked recordings exposing misconduct at the highest echelons of the country's business and political establishment. The latest revelations shed light on one of the motivations behind the unlawful expropriation of Sense Bank from ABHH in 2023. They confirm what ABHH has consistently maintained publicly: the expropriation of our bank was an egregious act of war profiteering. The emerging details reveal that the bank - once an institution of sterling reputation - was rapidly turned into a special-purpose vehicle to support and profit from criminal activities.

In response, Ukrainian authorities have begun circulating baseless claims that the bank, under its former owners, engaged in "double accounting" and committed other unspecified financial sins. ABHH categorically rejects these allegations. The unsupported accusations have the hallmarks of a desperate public relations ploy designed to deflect attention from the scandal now engulfing some of Ukraine's most senior politicians.

ABHH reminds that it is pursuing an international investment arbitration claim against Ukraine seeking full compensation for its unlawfully seized assets, and is fully committed to seeing the proceedings through to a successful conclusion.

This video is about the taking of Sense Bank - a major Ukrainian bank owned by European investors - by the Ukrainian state without compensation. Watch it to learn why the nationalisation is being challenged as an unlawful expropriation: https://www.youtube.com/watch?v=T2pCD7Ncgl0 

This video is about the story behind Sense Bank and ABHH’s quest for justice after the bank was taken by the Ukrainian state without compensation. Watch it to learn why ABHH is challenging the nationalisation in international arbitration, and why the case raises serious questions about expropriation, sanctions and investor protection: https://youtu.be/WkA9bRc6XSs