Skip to content
Edit post

Chief accountant of Zhevago's company charged with tax evasion, forgery

by The Kyiv Independent news desk February 2, 2023 4:25 PM 1 min read
This audio is created with AI assistance

The chief accountant of Poltava Mining and Processing Plant, part of Ferrexpo group, was charged with tax evasion and forgery, Ukraine's Security Service (SBU) reported. Ukrainian billionaire Kostyantyn Zhevago is the controlling shareholder of the iron pellet producer Ferrexpo.

According to the investigation, in 2018-2021, the suspect entered false information into the company's documents, which helped it to avoid paying Hr 2 billion ($54.6 million) in rent payments to the state budget for the use of the subsoil of the iron ore deposit.

Law enforcement opened criminal proceedings against the suspect under two articles of Ukraine's Criminal Code for alleged evasion of payment of taxes or fees and forgery.

Zhevago, who holds 51% of Ferrexpo shares, was arrested and detained earlier in France at Ukraine's request but then released on bail of 1 million euros, Ukrainska Pravda reported on Jan. 10, citing its sources in Ukrainian law enforcement.

Shortly after his arrest, Zhevago stepped down from the company's board of directors.

In 2019 Zhevago was charged with embezzling and laundering $113 million at Finance & Credit Bank. In 2021 Zhevago was put on the Interpol wanted list.

With a net worth of $1.4 billion, Zhevago is the fifth richest Ukrainian, according to a recent list by Forbes Ukraine. Ferrexpo is his main asset.

Zhevago was a member of Ukraine's parliament from 1998 to 2019.

News Feed

6:58 PM

Ombudsman reacts to alleged Russian execution of Ukrainian POWs.

"The video shows how Russian soldiers shot five captured Ukrainian defenders," Ombudsman Dmytro Lubinets said, referring to drone footage released by the 110th Mechanized Brigade earlier on Dec. 22 that appears to have captured Russian troops shooting surrendered Ukrainian soldiers from behind.
5:15 AM

Media identifies nearly 85,000 Russian soldiers killed in Ukraine.

According to the outlets' conclusions for the year, 2024 will likely mark the "war's deadliest year," with a current count of over 20,000 deaths confirmed over the past 12 months — although final conclusions cannot yet be made as data on casualties continues to emerge.
11:17 PM

Zelensky meets with CIA director in Kyiv.

President Volodymyr Zelensky said on Dec. 21 that he met with CIA Director William Burns in Ukraine, marking a rare public acknowledgment of their discussions during Russia’s full-scale invasion.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.