The President of Ukraine Petro Poroshenko on Wednesday, 16 November 2016, signed the law of Ukraine «On amendments to some laws of Ukraine concerning compensation to individuals through the system of guaranteeing deposits of physical persons of the harm caused by abuses in the field of banking and other financial services».
According to the official website of the head of state, the signing took place during a meeting with representatives of the deceived investors of Bank «St. Michael».
«Developed legislative mechanism which on the one hand gives the «green light» for the payment of money through the Deposit guarantee Fund of individuals, and on the other hand includes red light crooks. And in fact — even strengthens the responsibility not only of owners and managers of banks who contributed to the organization of the criminal scheme, as well as financial institutions involved in these schemes,» said the President.
The head of state recalled that the bill aimed to address the issue robbed citizens of developed by joint efforts of the government, Ministry of Finance, Deposit guarantee Fund of individuals ‘ deposits, the national Bank, representatives of the presidential administration and with the participation of the deceived investors.
Poroshenko expressed gratitude to the members of Parliament who supported and voted for this law, and also thanked the contributors for the effort on finding a common solution to this issue. «This means that both the government and the people have learned to listen to each other and to solve common problems. This law is a compromise that allows a large number of citizens to get their money,» he said.
«They are very grateful to investors, who yesterday came under the Verkhovna Rada with their contracts,» — said the head of state, adding that they differed from the people who protested, pretending depositors of the Bank, «Michael», but could not give any specific information about their deposits and did not even know where the Bank is located.
The President stressed that now the law the responsibility of such financial institutions and their executives significantly increased.
According to the head of the state, 20 days after the entry into force of the law after verification of documents, in accordance with the law, the Deposit guarantee Fund may begin payment of defrauded investors.
«The representative of the defrauded investors, thanked the President that in such a difficult time for the country has been found possible to solve problems of people», — said in the message.
The presidential law on compensation to individuals through the system of guaranteeing of deposits of individuals for damages caused by abuses in the field of banking and other financial services (No. 5390) was adopted on 15 November.
In the eyes of investors, «Michael», the President signed the law on compensation 17.11.2016