Ukraine has received back a former People's Deputy of the VIII convocation, who is accused of large-scale financial fraud. According to the National Police of Ukraine, citing RBK-Ukraine, the extradition took place on July 13 at the "Krakovets - Korcheva" international border crossing. The suspect was detained in Germany at the end of 2025 and handed over to the Ukrainian side for further investigation.
Scheme involving bonds worth 20 million hryvnias
According to law enforcement officials, the case concerns Ruslan Demchak — former Deputy Chairman of the Parliamentary Committee on Financial Policy and Banking. He is accused of participating in a criminal group that organized manipulations on the stock market in 2017.
The essence of the scheme involved conducting fictitious buy-sell operations of Internal State Loan Bonds (OVGZ). The goal was to obtain taxable investment income artificially. Thanks to these actions, Demchak, being one of the ultimate beneficiaries, illegally obtained and laundered approximately 20 million hryvnias.
Escape and Arrest
In August 2023, the State Bureau of Investigation (SBI) and the Office of the Prosecutor General informed the former politician of the suspicion. After that, he fled abroad and was placed on an international wanted list. The detention in Germany took place two years later, at the end of 2025.
Immediately after returning to the country, the Pechersk District Court of Kyiv selected a preventive measure for the former MP in the form of detention. In February 2026, law enforcement officials completed the pre-trial investigation and sent the case to court. As part of the proceedings, assets of other participants in the criminal group were also seized.
Threat of Imprisonment
The court proceedings regarding market manipulation and money laundering are ongoing. The former deputy faces up to 12 years in prison. The investigation continues to work on establishing all details of the scheme and bringing accomplices to justice.
