Investment Capital Ukraine (ICU) says that the National Commission on securities and stock market an independent audit have confirmed that their work for Oschadbank and non-resident companies in 2013 was operated according to the law On the depositary system of Ukraine, which came into force in October 2013.
This is the company’s response to the Al Jazeera’s article mentioning that ICU was brokering in the deals on state obligations in 2013, which helped Yanukovych's clan steal $1.5 billion from Ukraine.
“Before signing agreements on broker services, ICU conducted an obligatory procedure of identification and financial monitoring of buyers of the government bonds. These companies were clients of Oschadbank, where they had accounts and security accounts. The prices at which the companies bought the government bonds were agreed by them directly with the bank. ICU didn’t open any accounts for these companies and hadn’t worked with them before. The role of ICU in these agreements was restricted to the function of an agent,” the company says.
Moreover, the company emphasizes that the lawfulness of these deals was checked by the National Commission on securities and stock market and an independent audit by a group of experts who previously had worked with the OSCE and the State Service of Financial Monitoring of Ukraine. Both of them confirmed the lawfulness of ICU’s activity.
As we reported earlier, international news agency Al Jazeera published the sentence of Kramatorsk court on the case of offshore money in the framework of cases on companies affiliated to Serhiy Kurchenko. ICU is noted as a mediator in a number of deals.