KIEV, Aug. 11 – The Pechersky District Court has arrested property of Vadim Novinsky worth UAH 4.467 billion as a temporary restraining order under a claim of the Individuals' Deposit Guarantee Fund on the collection of property from the owners-substantial shareholders in Bank Forum.

According to a court ruling of July 23, a copy of which has been sent to Interfax-Ukraine, under a court ruling of July 9, $50 million of Yernamio Consulting Ltd (Cyprus), the direct owner of 98.68% stake in Bank Forum, on the account at the National Bank of Ukraine was arrested with the total sum disputed by the Individuals' Deposit Guarantee Fund (Cyprus) of UAH 5.05 billion.

Due to the fact, the fund submitted a petition to secure the claim via the arrest of property of the individual worth UAH 4.467 billion.