Spanish authorities acknowledged that Stepan Chernovetskyi’s investment in the country and his activities in Spain had been legal.
Stepan Chernovetskyi, head of the investment company Chernovetskyi Investment Group, told about this in his interview with Focus.
According to him, this was not a case against him, but a preliminary investigation, which had been conducted since 2014.
“Strictly speaking, this was not even a case, but a so-called preliminary investigation. No charges were brought, and it remains a mystery what this whole story was based on. Nothing specific, just suspicions,” the businessman said.
Chernovetskyi emphasized that the police had suspected him of buying a house in the suburbs of Barcelona using illegally received money. However, the businessman claims that he had not bought that house but only rented it for the summer.
“It is a good example of how the Spanish police approached the case. Firstly, I just rented that house, I do not own and had never owned any house in Spain; secondly, the case is about investment in business; and thirdly, all the money is of legal origin. As far as I understand, when I was detained, the court did not have information that I had sold the bank (Pravex Bank had been sold in 2008 to the Italian banking group Intesa Sanpaolo for $750 million, - ed.) for hundreds of millions of dollars. I have known about this case for three and a half years, it had lasted even longer before I learned about it, and the investigation failed to even make any suggestions as to how such allegedly criminal money had been obtained for investing in Spain”, said Stepan Chernovetskyi.
He noted that the detention took place in 2016, and the preliminary investigation had been conducted since 2014.
According to Chernovetskyi, this story had a negative impact on his business in Spain but did not affect projects in Ukraine and relations with partners and friends. Stepan Chernovetskyi lives and conducts business in Ukraine; he owns the investment company Chernovetskyi Investment Group, which invests in IT sector in Ukraine and worldwide.
To recap, in 2016, the head of CIG Stepan Chernovetskyi had been detained in Spain on suspicion of illegal activities and money laundering. But soon after that, Stepan Chernovetskyi had been released without any restrictions, and at the end of 2019, the case was closed.