Poroshenko’s advisor: Roshen’s legal transfer into blind trust finalized
15:19, 8 April 2016

Poroshenko’s advisor: Roshen’s legal transfer into blind trust finalized

The procedure was finalized on April 4

15:19, 8 April 2016

President of Ukraine Petro Poroshenko’s share in “Central-European Confectionery Company”, which has belonged to “Prime Assets Capital” investment fund, has been transferred to a foreign institution as part of blind trust agreement signed with Rothschild Trust, informed Poroshenko’s advisor on Friday, reports “Interfax-Ukraina”.

“On April 4, 2016 we announced transfer of the asset to a new foreign institution, which finalized legal procedure of share  transfer on the territory of Ukraine”, - it is said in the statement.

According to the state register, the Dutch Roshen Europe B.V. with 85% share is a co-owner of “Central-European Confectionery Company”.

President of Roshen Vyacheslav Moskalevskiy owns 13% through “Konditerinvest” investment fund, three more managers possess 0,5% each.

The trust agreement was signed on January 14, 2016.

Rothschild Trust confirms trust agreement on Petro Poroshenko’s share in Roshen.

“After 12 months of preparations, the trust management agreement was signed on January 14, 2016”, - it is said in the report of Rothschild Trust.

Poroshenko claims, that his situation is different from other politicians in the list of Panama Papers. According to the President, his company “Roshen” has no offshores and there is no need in investigation.

Earlier, journalists and dozens of media all over the planet simultaneously released materials about owners of large offshore businesses. The investigation is based on the so-called Panama Archive, the selection of documents belonging to Mossack Fonseca, Panama-based low-profile company.  

The documents reveal activities of the company from 1977 till December 2015; they unfold stories about offshore mechanisms of concealing billions of dollars, involving former and current heads of states, and other famous political figures and celebrities. Among them are President Petro Poroshenko, ex-Prime Ministers Pavlo Lazarenko and Yulia Tymoshenko. The National Anti-Corruption Bureau stated that it refuses to investigate Poroshenko’s offshore activity.

Related: Poroshenko: I haven’t been involved in Roshen asset management after becoming President

Related: Poroshenko’s lawyers: “Roshen” is in international trust and pays taxes in Ukraine

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