KIEV, Jan. 5 – The main investigation department of the National Police of Ukraine in Kiev has closed a criminal case against alleged unlawful actions by managers of VAB Bank (Kiev) and its owner, chairman of Ukrlandfarming Oleh Bakhmatiuk, initiated by the National Bank of Ukraine, Ukrlandfarming has reported.

The case was closed as no element of offence was found.

"The pretrial investigation has not established facts of embezzlement. It was proved that managers carried out actions aimed at implementing liabilities of the bank to return deposits," the press service said, citing the conclusions of the investigator.