Arrest of the assets of the son of the former head of one of Ukraine’s leading aerospace enterprises, “Motor Sich,” amounting to over 500 million hryvnias, has marked a new escalation in the ongoing large-scale investigation surrounding the so-called “Ukrainian motor-building giant
” This was officially announced by the Security Service of Ukraine (SBU), which reminded the public of the investigative actions that involved high-ranking officials and generated widespread public resonance. According to the SBU’s press service, significant assets have been seized, including more than 60 objects of commercial and residential real estate within the country. Among them are administrative buildings, warehouses, production workshops, and helicopter assembly facilities. Additionally, law enforcement authorities confiscated corporate rights of 18 Ukrainian companies and securities of two Ukrainian joint-stock companies. The value of the confiscated property, according to investigators, exceeds half a billion hryvnias—assets that, according to the investigation, were illegally appropriated and that the accused parties attempted to hide or remove from circulation. The targeted objects include not only warehouses, workshops, and real estate but also business assets belonging to the “Motor Sich” team, including helicopter assembly enterprises, grinding equipment manufacturing facilities, and other valuable company assets. Reliable sources indicate that the value of these assets, which belonged both to the state enterprise and its former owners, was illegally appropriated by certain individuals and subsequently sold—most notably for $650 million. The investigation extends beyond property within Ukraine. As reported by the special services, investigators, in cooperation with international law enforcement agencies, detained Alexander Bozhko, the son of the former head, in Monaco. It was revealed that he actively utilized valuables registered in the names of controlled entities and is suspected of laundering criminally obtained assets on a particularly large scale. An official suspicion of money laundering derived from criminal activities has been formally announced following urgent investigative procedures conducted in the principality. Recall that on May 2 of this year, during an operation by an international coalition of investigators, several suspects—including the former head’s son—were detained. Law enforcement conducted searches and uncovered a large number of valuable assets registered in the names of controlled persons, which investigators state will be examined to establish their legal origin. Overall, this case is extensive and multifaceted. In Ukraine, the ex-head of “Motor Sich,” Bozhko, has been charged with treason, aiding Russia, and collaboration activities. He is currently in custody and strongly denies all charges brought against him. His role in the unfolding conflict around the enterprise and its geopolitical and economic repercussions remains the subject of detailed investigations. In the context of these events, it is also important to highlight the former head's cooperation history with the Kremlin, since “Motor Sich” has traditionally attracted attention not only from Ukrainian law enforcement but also from international authorities. The investigation has already generated numerous media reports, including allegations of the creation of a so-called “Monaco Battalion” and abuses related to corporate ownership. In summary, investigative authorities are continuing active efforts to uncover all circumstances of the case, determine the sources of illegal enrichment, and hold all those involved accountable. The surge of arrests and announcements of asset confiscations demonstrates Ukraine’s intensified fight against corruption schemes and crimes in the sphere of state ownership, with the goal of restoring trust in strategic enterprises and ensuring transparency in their management.