Yermak released after full bail payment, reports say

Yermak released after full bail payment, reports say

Photo: Getty Images

According to media reports, the full bail amount for former head of the Presidential Office Andriy Yermak — who is suspected of laundering money on an especially large scale — has been paid, allowing for his release from pre-trial detention.

Ukrainian outlet hromadske, citing information from the High Anti-Corruption Court, reported that the required bail of 140 million hryvnias was fully collected. Court officials noted that while payments could be made over the weekend, verification of funds occurs only on working days, meaning Yermak spent four days in detention.

Journalist Mykhailo Tkach from Ukrainska Pravda reported that around 200 separate payments were made toward the bail, including some contributions as small as one kopeck. In total, more than 154 million hryvnias was reportedly transferred.

Among the contributors:

  • 8 million hryvnias came from Yermak’s former business partner and lawyer Roza Tapanova;
  • former Ukraine national football team head coach Serhii Rebrov reportedly contributed 30 million hryvnias;
  • 9.8 million hryvnias came from the company Miralif;
  • Yermak’s lawyer Ihor Fomin contributed 5 million hryvnias;
  • lawyer and former Asters partner Serhii Svyryba added 6.5 million hryvnias.

Yermak’s defense claimed the necessary amount had already been raised on May 15, but banking procedures and financial monitoring delayed the transfer.

He is suspected under Part 3 of Article 209 of Ukraine’s Criminal Code, related to the alleged laundering of 460 million hryvnias through elite real estate construction near Kyiv.

The case also involves former Deputy Prime Minister Oleksii Chernyshov, businessman Timur Mindich, and several other individuals linked to the investigation.

According to investigators, the funds were allegedly used in the construction of four residential buildings in Kozyn near Kyiv through fictitious companies, cash flows linked to corruption schemes, and money of unidentified origin. The investigation is part of Operation “Midas,” uncovered by Ukraine’s National Anti-Corruption Bureau in November 2025.

On May 14, the High Anti-Corruption Court ordered Yermak held in custody for 60 days with the option of bail set at 140 million hryvnias. Under the bail conditions, he must surrender his foreign passports and wear an electronic monitoring bracelet.

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