SBI initiates nationalization of Poltava Mining and Processing Plant
21 February 10:56
The State Bureau of Investigation, together with the Ministry of Justice of Ukraine, is preparing an appeal to the High Anti-Corruption Court with an administrative claim for the nationalization of the assets and corporate rights of Poltava Mining and Processing Plant. This was reported by the State Bureau of Investigation, according to
In particular, it is proposed to nationalize:
– 541 real estate objects owned by the company,
– 172 land plots that are in the early lease of the plant for 49 years,
– 2,382 railroad cars and 53,331 linear meters of sidings.
It is also proposed that the court consider the transfer of corporate rights in the amount of 49.5% of the authorized capital of Poltava Mining to the state.
As you know, the majority shareholder of Ferrexpo Group, which includes Poltava Mining through Fevamotinico S.a.r.l., is fugitive oligarch Konstantin Zhevago.
“Poltava Mining and its officials have long been on the radar of law enforcement
on September 20, 2024, SBI investigators sent an indictment to the Kyiv District Court of Kharkiv against seven officials and employees of the plant. According to the investigation, the management of the company, which belongs to a fugitive oligarch, misappropriated more than UAH 370 million. As part of the pre-trial investigation, this and other property and corporate rights of the company were seized.
on January 15 this year, it was reported that prosecutors of the Specialized Environmental Prosecutor’s Office had sent an indictment to the court against four officials of the Poltava Mining and Processing Plant. The investigation established that the chairman of the board, having entered into a criminal conspiracy with other unidentified officials of the plant, set up a scheme for illegal mining for the purpose of enrichment. The amount of environmental damage is over UAH 157 billion.
According to LIGA.net, Kostiantyn Zhevago himself was notified of suspicion in 2019, accused of possible involvement in the embezzlement of UAH 2.5 billion from the Finance and Credit bank and put on the international wanted list. At the end of December 2022, Zhevago was detained in France, but Ukraine failed to extradite him.
Konstantin Zhevago is under sanctions in Ukraine
A week ago, President of Ukraine Volodymyr Zelenskyy signed a decree on National Security and Defense Council sanctions against former President of Ukraine, MP Petro Poroshenko, oligarch Ihor Kolomoisky, his business partner Hennadiy Boholyubov, pro-Russian politician, former MP, who is now in Russia, Viktor Medvedchuk, and businessman wanted in the case of Finance and Credit Bank Konstantin Zhevago. The sanctions include asset freezes, restrictions on trade operations, a ban on participation in privatization and many other restrictions and prohibitions.
