Borzhava Land Buyer Sues ARMA Over Refusal to Sign Auction Records

The District Administrative Court of Kyiv has opened proceedings in a lawsuit filed by Andrii Vinhranovskyi against the Asset Recovery and Management Agency.

Vinhranovskyi is one of the buyers of land plots on the Borzhava mountain meadow — assets at the center of a high-profile scandal following the January 8, 2026 auctions, at which ARMA sold 460 hectares of land and ski lift stations for UAH 89.5 million, despite the assets’ initial valuation exceeding UAH 1 billion.

In his claim, Vinhranovskyi asks the court to declare unlawful ARMA’s failure to sign the auction records from the two January 8 electronic auctions, its failure to publish the results in the electronic system, and its effective blocking of the buyer’s security deposits totaling over UAH 34.2 million. He also seeks compensation of over UAH 1.68 million for loan interest, inflation losses, and 3% per annum.

ARMA, for its part, published an explanation stating that it declined to sign the records based on information received from the SBI and NABU. Following its review, the Agency concluded that persons whose assets are under arrest had participated in the auctions, and identified probable signs of collusion among participants and manipulation of results. ARMA notified law enforcement authorities and instructed the auction organizer to hold repeat auctions.

Vinhranovskyi and the other buyer, Ihor Vlasiuk, have been linked by media to Serhii Liovochkin and Vladyslav Kaskiv — it was in the Kaskiv case that these lands were seized and transferred to ARMA for sale. Under international standards, allowing individuals connected to criminal schemes to reacquire assets through auctions, even at market price, may undermine the deterrent purpose of confiscation.

It is also worth noting that, according to the parliament’s website, the government has yet to introduce the necessary legislative amendments to the procedure for selling seized assets that would prevent such situations from recurring.