Posts Tagged ‘yanukovych’

28
February 2014

Companies Linked To Ousted Ukrainian President Connected To Magnitsky Investigation

BuzzFeed

Documents found at Viktor Yanukovych’s country residence link his business activities to Russian corruption uncovered by lawyer Sergei Magnitsky.

Newly found documents show that three companies with links to ousted Ukrainian president Viktor Yanukovych are also connected to the money-laundering scandal uncovered by Sergei Magnitsky, the Russian lawyer who died in prison after exposing high-level fraud and embezzlement among Russian officials.

An investigation by Hermitage Capital Management, the investment firm for which Magnitsky was employed, shows the companies named in the documents uncovered at Yanukovych’s presidential palace are registered at the same United Kingdom address, and share the same offshore shell companies and Latvian directors as were found in Magnitsky’s investigation.

An employee of Hermitage, Vadim Kleiner, sifted through the documents uncovered by Ukrainian journalists after Yanukovych’s flight from Kiev and posted his findings to YanukovychLeaks.org, a website created to compile the nearly 200 folders of documents found at the estate. He found that three companies mentioned in the documents as holding some of Yanukovych’s assets or being otherwise tied to the president — Navimax Ventures, Roadfield Capital LLP, and Fineroad Business LLP — had strong links to entities exposed in Magnitsky’s investigation into $230 million in tax revenues which were stolen by Russian officials from Hermitage holding companies. The results of Kleiner’s inquiry were provided to BuzzFeed by Kleiner and William Browder, the head of Hermitage.

In his investigation, Magnitsky followed $40 million to a Latvian bank account for Technomark Business Ltd., a U.K.-registered company with an ownership in Nevis. Technomark shared the same registering address as Navimax, and the names of its Latvian directors also appear in documents relating to the other two companies.

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13
December 2013

Yanukovych Must Go: Ukrainians Will Protest as Long as His Corrupt Regime Exists

Foreign Affairs

For the second time in nine years, anti-regime protesters have filled the streets of Ukraine. But now, the stakes for the European Union and the United States have risen. Ukraine’s latest political upheaval, which pro-European protesters have dubbed the Euro-Revolution, began in late November when President Viktor Yanukovych rejected a long-awaited agreement to boost political and trade ties with the EU. Demonstrations exploded after riot police brutally attacked protesters camped out in Independence Square, the site of the 2004 Orange Revolution, on November 30. Within a week, mass protests demanding Yanukovych’s resignation spread across the country. Several hundred thousand marched in Kiev, while mostly young activists set up barricades around government buildings and knocked down a statue of Lenin.

Mykola Azarov, Ukraine’s prime minister, called the peaceful demonstrators in Kiev “Nazis” and compared the statue’s toppling to the Taliban’s destruction of the giant Buddhas of Bamiyan in Afghanistan in 2001. European Commission President José Manuel Barroso, meanwhile, praised the “young people in Ukraine’s streets” for “writing a new history of Europe.” The demonstrators’ slogan (“Ukraine is Europe!”) signifies much more than a desire to join the EU. For them, as for most Ukrainians, Europe is a symbol of democracy, national dignity, human rights, and freedom — everything they believe, correctly, the Yanukovych regime opposes.

Although much of the world has focused on the demonstrations in Kiev, anti-regime discontent is hardly limited to the capital. Opposition channels, Web sites, and social media have broadcast continuously from Independence Square or the Euromaidan (“Eurosquare” in Ukrainian), providing accurate information and countering the slanted reporting of regime-controlled and Russian sources. Several journalists have even resigned from Ukraine’s First National TV station in protest. Up to 50,000 Ukrainians have marched repeatedly in Lviv, where the elite Berkut police units pointedly refused to intervene. In the west, the Europe-leaning officials who run the Ivano-Frankivsk, Lviv, Ternopil, and Volyn provinces have effectively escaped the regime’s control.

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