France seizes Ukrainian oligarch Zhevago’s $40 million Paris mansion in embezzlement investigation

French authorities seized Kostyantyn Zhevago’s Paris mansion, valued at $40 million, at the request of Ukrainian prosecutors. The action is part of an investigation into alleged embezzlement from a failed Ukrainian bank and shows how prosecutors are pursuing assets abroad.

Investigators allege Zhevago, who controlled more than 90% of Finance and Credit Bank, conspired with senior officials to divert $113 million and launder it through offshore structures and companies under his control. France seized the property on 9 November after a Ukrainian assistance request; Kyiv received confirmation the next day. Zhevago denies no charges in the article; French courts have repeatedly refused extradition, most recently in October 2025, citing fair-trial concerns.