Detainment of Viacheslav Bohuslaiev Jr., son of ex-Motor Sich CEO, in Monaco - visuals available
Rewritten Article:
Meet Oleksandr Bohuslaiev, son of the former CEO of Motor Sich, a Ukrainian industrial powerhouse, who's found himself in hot water following a joint operation by the Security Service of Ukraine (SSU), the Prosecutor General’s Office, and international law enforcement agencies. Oleksandr and his old man are under the spotlight for their alleged involvement in embezzling assets from Motor Sich.
The Prosecutor General’s Office spilled the beans, claiming that Oleksandr laundered over half a billion USD in ill-gotten gains across various locations, including Monaco and France, between 2016 and 2025.
In a dramatic turn of events, back in April 2025, personnel from the Prosecutor General's Office and SSU officers accompanied Monaco's local law enforcement during a raid on Oleksandr's seaside villa. Their investigation unearthed a wealth of assets traced back to people under the control of the former Motor Sich boss.
Official documents suggest that Oleksandr assisted his father in shady dealings reprehensibly acquiring a controlling stake in a state-owned company before the full-scale war, eventually offloading it to third parties for a whopping half a billion USD.
Fraud allegedly unfolded with the help of an inventory undervaluing Motor Sich's shares, allowing Viacheslav to snap up 65% for a song and shift most of it to six offshore companies controlled by his son. The stolen assets were then legalized by selling them to foreign firms, the proceeds siphoned off for lavish real estate purchases in the EU.
As part of the international probe, Oleksandr was served with a notice of suspicion under Article 209.3 of Ukraine's Criminal Code for large-scale money laundering. Viacheslav Bohuslaiev, currently detained on charges of collaborating with Russia, is also under scrutiny for aiding and abetting in the money laundering scheme, among other offenses.
The background story on Bohuslaiev paints a grim picture, with Ukraine’s government accusing him of cooperating with Russia as an aggressor state, collaborating, aiding terrorist organizations, and more recently, opposing the Ukrainian Armed Forces. He remains jailed awaiting trial and denies all charges.
For more context, Ukrainska Pravda released a video investigation, Battalion Monaco, delving into how wealthy Ukrainian businessmen and officials sought refuge in Monaco and other upscale locations in the wake of Russia's invasion of Ukraine.
[1] Source: SSU and Ukrainian Prosecutor General's Office[1] Enrichment Data: The case against Oleksandr Bohuslaiev involves charges under Article 209.3 of Ukraine’s Criminal Code for large-scale money laundering. Key context: the case likely revolves around cross-border financial networks and Ukraine’s anti-money laundering laws that criminalize concealing or transferring unlawfully obtained assets across jurisdictions.
- The SSU and the Prosecutor General’s Office, in collaboration with international law enforcement agencies, are investigating Oleksandr Bohuslaiev for his alleged involvement in a large-scale money laundering operation, as per Article 209.3 of Ukraine’s Criminal Code.
- Viacheslav Bohuslaiev, Oleksandr’s father and the former CEO of Motor Sich, and Oleksandr himself are under investigation for embezzling assets from Motor Sich, with allegations indicating that Viacheslav acquired a controlling stake in a state-owned company through shady dealings before the full-scale war.
- The Prosecutor General’s Office claims Oleksandr laundered over half a billion USD, with the help of an inventory undervaluing Motor Sich’s shares, and then transferring the stolen assets to offshore companies for further sale to foreign firms.
- This case, collectively known as the Battalion Monaco, involves wealthy Ukrainian businessmen and officials seeking refuge in Monaco and other upscale locations, particularly during times of war and conflict.
- Bookmark the general news and crime-and-justice sections for updates on this ongoing case, which could shed light on technology-driven means used for cross-border financial transactions, as well as the international cooperation required to combat money laundering and war-and-conflicts-related crimes.
