Editor’s Note: The following investigation was conducted by the Organized Crime and Corruption Reporting Project, a Kyiv Post partner.
Costly works of art, including a painting by Ilya Repin and a sculpture by Salvador Dali, were among the assets acquired by offshore firms controlled by Petro Poroshenko. Austria’s Raiffeisen Bank enabled his deception, listing one of Poroshenko’s associates as the companies’ owner.
Key Findings
- Poroshenko controlled at least six offshore shell companies handling tens of millions of dollars in transactions, including luxury furniture for his home and expensive art.
- The companies banked at Austria’s Raiffeisen Bank International, which listed Poroshenko’s longtime employee as their owner.
- Another 11 offshore companies banking at Raiffeisen also had ties to Poroshenko’s business empire.
