An inspection of the Gulliver COC’s life support systems revealed the deliberate removal, damage, and unlawful moving out of equipment critical to the complex's operation

Based on the results of the inspection of the life support systems of the Gulliver commercial and office complex (COC), a consortium of state-owned banks will initiate civil and criminal proceedings against all persons responsible.

The protocol drawn up by law enforcement officials in the presence of witnesses during the inspection of the engineering systems of the Gulliver COC on October 31, 2025, as well as the inventory report prepared by the consortium of state banks based on the results of a further inspection of the facility from October 31 to November 3, revealed, in particular:

• artificial blocking of the complex's power supply systems;
• damage to backup power equipment;
• emergency shutdown of critical safety systems due to the inability to provide backup power;
• absence of important components and units that are part of the complex's engineering and IT infrastructure;
• shutdown of water supply and sewage systems for the above reasons;
• damage to cable systems and warning systems;
• lack of technical documentation regulating the operation of the complex's life support systems, etc.

All these facts point to sabotage, deliberate removal, damage, and illegal moving out of equipment that is critical to the operation of the complex.

Currently, the necessary equipment is being purchased and installed to ensure the complex's operation, and service contractors are conducting additional inspections and testing of all systems: power and gas equipment, ventilation systems, water supply and drainage systems, etc.

According to contractors, the consortium of banks will receive interim results of life support system testing within the next week. Following that, it will be feasible to establish additional timelines for the execution of the plan to restore the Gulliver COC's operation, which requires preliminary State Emergency Service approval for safe operation.

The consortium of state-owned banks is making every effort to resume the operation of the Gulliver COC as soon as possible in the interests of tenants and visitors to the complex. We remind you that tenants will be exempt from rent payments for the entire period of temporary suspension of the complex's operations.

For reference:

On July 26 this year, a decision was made to register the state ownership of the Gulliver commercial and office complex by a consortium of Oschadbank (80% stake) and Ukreximbank (20% stake). This property served as collateral for loan obligations. The foreclosure procedure was initiated by two state-owned banks due to the failure of Three O LLC, the debtor and owner of the complex, to fulfill its obligations under the loan agreement.