Editor’s Note: The following investigation was conducted by the Organized Crime and Corruption Reporting Project, a Kyiv Post partner. This investigation was based on the documents, obtained within the Paradise Papers, a major new leak of documents from two offshore services firms based in Bermuda and Singapore, as well as from 19 corporate registries maintained by governments in secret offshore jurisdictions. The documents were obtained by the Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists (ICIJ).
Sergiy Oleksiyenko, a former financial whiz who has held several posts in Ukraine’s oil and gas industries, set up an offshore foundation last year in an attempt to circumvent the country’s currency controls, according to leaked documents.
In 2016, Oleksiyenko planned to use Isle of Man lawyers to transfer $1 million to the foundation, according to a new trove of documents leaked to the German newspaper Süddeutsche Zeitung and shared with colleagues from the International Consortium of Investigative Journalists (ICIJ) and the Organized Crime and Corruption Reporting Project (OCCRP).
Oleksiyenko is one of the Ukrainians whose names appeared in the records.
He denies any such intent and said no transfer was made, saying that the foundation was never used for anything and has now been disbanded.
Sergiy Oleksiyenko, a former official with Ukraine’s oil and gas industries, set up an offshore foundation in 2016 in an attempt to circumvent the nation’s currency controls, according to leaked documents.
