Boguslaev's son detained in Monaco: he and his father are involved in a new case

The law enforcement agencies of the Principality of Monaco have detained the son of the former president of Motor Sich Vyacheslav Boguslaev, who, together with his father, is suspected of embezzlement. This was reported by the Security Service of Ukraine on Friday.
According to the Ukrainian investigation, the former head of Motor Sich (the detainee's father) organized an inventory of the company's assets, during which the value of the company and its shares was deliberately understated. He then acquired 65% of the company's shares and transferred most of them to six offshore companies.
These offshore structures were controlled by his son.
After that, the shares were sold to foreign companies for $650 million, and the money was used to purchase luxury real estate in the European Union .
The detained son of the former president was notified of suspicion under the article on money laundering and faces up to 12 years in prison with confiscation of property.
Former Motor Sich CEO, already in custody on charges of cooperation with Russia, is served with new suspicion notice on misappropriation of property and organization of money laundering.
- In 2016, Bohuslaiev agreed with Chinese investors to sell more than 50% of the Motor Sich plant, but the deal was not finalized due to state interference.
- In July 2017, the SBU opened a criminal investigation into sabotage, and then, at the request of the SBU, in order to preserve material evidence, Motor Sich shares were arrested.
- Subsequently, the Chinese company Skyrizon, which wanted to buy Motor Sich, even was sanctioned for some time .
- In early November 2022, Motor Sich was alienated into state ownership .