ArcelorMittal claims prosecutor’s office blocked company accounts

This was reported by the company's press service, Ukrinform wrote.

“Prosecutors ordered Ukrainian banks to halt all transactions in these accounts based on November 30, 2021 court ruling,” the report wrote.

The move is related to “the way the company calculates tax payments for the use of subsoil for mining,” the press service explained.

The company further elaborated that on November 4, 2021, the district administrative court upheld the position of ArcelorMittal Kryvyi Rih, dismissing the civil case previously brought by the State Tax Service. However, on November 17, the OPG and the Security Service of Ukraine (SBU) opened a criminal case against one of the senior executives of ArcelorMittal Kryvyi Rih.

As Ukrinform reported earlier, in November 2021, the Security Service of Ukraine and the Office of the Prosecutor General pressed against ArcelorMittal Kryvyi Rih’s senior executive criminal charges of intentional tax evasion worth nearly UAH 2.2 billion.

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