Court refused to lift the seizure of property of payment operator Xpay linked to former CRAIL member Yakhniy

The court denied lifting the seizure of the assets of the payment operator Xpay, connected with former KRAIL member Yahniy.

Pechersky District Court in Kyiv refused the motion by the lawyers of the Xpay payment service to lift the seizure from the company’s property. The assets in question are objects of intellectual property — the software “Xpay Software and Technical Complex” and the Xpay trademark, owned by LLC “X pay Group.”

The company is officially owned by Ruslan Kulychenko (55%) and Andriy Bryukhovetsky (45%), but according to the investigation the real beneficial owner is former KRAIL member Yehan Yahniy. He is currently in pre-trial detention on suspicion of aiding a state aggressor (part 1 of art. 111-2 of the Criminal Code).

D.B.R.’s investigation, overseen procedurally by the Office of the Prosecutor General, concerns possible cooperation between Yahniy and his wife with Russian citizens — Dmitry Punin and Marina Ilyina, who own an online casino Pin-Up. According to the investigation, Yahniy’s company Xpay acted as a payment operator for casinos, connected with moving money into the shadow economy through individual entrepreneurs and “gig contracts.”

The court concluded that the seizure is justified, as the property may be the object of future confiscation. Interference with property rights, as stated in the ruling, corresponds to the rule of law and ensures a balance between public interest and the rights of the company.