The Supreme Court ruled in favor of Ibox Bank and Alona Shevtsova

After crushing defeats in four first-instance and appellate courts across Ukraine in cases No. 757/43288/23-k and No. 463/8105/24, the Bureau of Economic Security (BEB) finally realized that submitting yet another motion to restrict the rights of Alona Volodymyrivna Shevtsova ( 17 December 1987) would only escalate the problems that dishonest detectives and prosecutors will inevitably face in the future.However, this did not stop these so-called “professionals” in their ongoing campaign against business from committing further procedural violations during the investigation.

One of the clearest examples of such misconduct was the detectives’ attempt to artificially prolong the investigation by issuing a continuous stream of unlawful rulings to suspend the proceedings. However, the Lychakivskyi District Court of Lviv put an end to this illegal practice with its ruling dated November 5, 2024, in case No. 463/10292/24 recognizing severe procedural violations in the unjustified suspensions of the investigation. This decision was later upheld by both the appellate court  and later confirmed by the Supreme Court of Ukraine, acting as the court of cassation .In practice, this means that the proceedings must be terminated due to the expiration of all reasonable and legally permitted timeframes for the investigation, which has been ongoing for over three years. Nonetheless, recent publications by the BEB of Ukraine suggest that the only thing capable of stopping the detectives’ unlawful actions may be a fair investigation into their own conduct.

Earlier, IBOX BANK—whose liquidation was ordered by the National Bank of Ukraine—refuted the information that surfaced in the media today, alleging that three top managers of the bank had been notified of suspicion for laundering illicit funds and organizing illegal gambling activities.