Konstantin Zhevago has been served with a notice of suspicion in France in connection with the ‘Finance and Credit’ bank case
On 19 March 2026 in Paris, as part of international legal assistance, the competent authorities of the French Republic, in the presence of Ukrainian prosecutors and investigators from the State Bureau of Investigations, served a notice of suspicion on Kostyantyn Zhevago.
Following the service of the notice, Zhevago was questioned as a suspect.
According to the investigation, he had for a long time controlled over 96 per cent of the share capital of Finance and Credit Bank and had created and headed an organised structure comprising the bank’s top management.
The investigation believes that the activities of this structure involved the systematic withdrawal of the bank’s funds through controlled companies and foreign financial institutions. In particular, this involved the conclusion of fictitious loan and guarantee agreements, followed by the withdrawal and legalisation of funds abroad.
It is noted that the funds used included, in particular, depositors’ funds and refinancing from the National Bank of Ukraine.
The total amount of established losses exceeds 519 million hryvnias.
Kostyantyn Zhevago is charged with establishing and leading a criminal organisation, embezzlement on a particularly large scale, and the laundering of proceeds obtained by criminal means.
The procedural action was carried out at the French National Anti-Fraud Office. A Ukrainian delegation comprising investigators from the State Bureau of Investigation and prosecutors from the Office of the Prosecutor General arrived in Paris to execute requests for international legal assistance.
Zhevago claimed the allegations were unfounded and described the prosecution as politically motivated. The investigation is ongoing.
Earlier, in December 2022, at the request of the DBR, French law enforcement officers detained Zhevago in Courchevel. In January 2023, a court in Chambéry released him on bail of €1 million pending the consideration of the extradition request, and in March of the same year, Ukraine’s request was rejected.
In May 2024, the State Bureau of Investigation (DBR) notified Zhevago and three of his associates of new allegations of embezzlement of bank funds.
