Paradise Papers: Ukraine’s gas top manager owned offshore company, which existed for 14 months

Source : 112 Ukraine

Pioneer Foundation company was opened on Isle of Man in early 2016
09:30, 6 November 2017

The International Consortium of Investigative Journalists

Ukraine’s gas top manager Serhiy Oleksienko, whose name appeared in the Paradise Papers, owned an offshore company, which he used to draw the currency abroad – in the breach of the exchange restrictions. Hromadske web portal reported this, referring to the Paradise Papers.

Pioneer Foundation company existed for 14 months.

Serhiy Alekseenko had the respective account opened in the Bank of Cyprus, with Ukraine-based Alfa Bank performing operations.  

In summer 2014, Oleksienko joined the national joint stock company Natfogaz Ukraine; he was in charge of many perspective developments. Currently, he is the member of directors board at Ukrtransgaz company, the affiliate of Naftogaz, which is responsible for refining and storage of natural gas.

Related: Another offshore scandal: ICIJ releases The Paradise Papers

Related: Russian-style offshore: Would sanctions bury the idea of tax paradise in Crimea

Related: ‘Lots of MPs fear changes within legislature to investigate offshore accounts’: Ukrainian Lawmaker

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