Ukrainian President Petro Poroshenko has not mentioned in his declaration of income, expenses and financial obligations for 2014 that he had established a company in the British Virgin Islands, according to an investigation by Ukrainian journalist Anna Babinets as part of the Organized Crime and Corruption Reporting Project (OCCRP), which was made public on the Hromadske TV channel. "On August 21, 2014, the Prime Asset Partners Limited (BVI) company, which is owned by Petro Poroshenko, was registered in the British Virgin Islands," the journalist said on Sunday evening. When asked why this company was not included into Poroshenko's income declaration, Makar Paseniuk, managing director of ICU investment company who is authorized by the Ukrainian presidential administration to communicate with media in the matters related to Poroshenko's business affairs, said the shares of the Prime Asset Partners Limited have no par value. In accordance with the requirements for the declaration of incomes and property as of 2014, only the shares which had some nominal value needed to be included in the declaration, he added. However, the documents obtained by OCCRP show that starting from the registration date of August 21, 2014, Prime Asset Partners Ltd.'s shares had a total value of $1,000 and Poroshenko was listed as the sole shareholder. However, in his declaration for 2014, the president left a blank space in the section 'contributions to the charter capital of the company, including those abroad.' Meanwhile, Paseniuk said that there was more than one offshore company. "Prime Asset Partners Limited was founded in the summer of 2014 in the course of corporate restructuring, which was a preparatory stage for the further sale of the Roshen Group. After its establishment, the company has not carried out any activities other than those mentioned below. In the fall of 2014, Prime Asset Partners Limited established CEE Confectionery Investments Limited in Cyprus, which in turn founded the Roshen Europe BV company in the Netherlands," the report says. Poroshenko's legal advisers justify the creation of such a group of companies by the president by the fact that this was done "in keeping with the market practice in Ukraine for the companies which are to be sold to strategic investors." According to editor for the Organized Crime and Corruption Reporting Program Drew Sullivan, the information about Poroshenko's offshore companies are part of the Panama Papers, which are the documents obtained from a Panama-based offshore services provider. Roshen Corporation includes confectionery factories in Kyiv, Kremenchuk and Vinnytsia, and the dairy producer Bershadmoloko. It also runs confectionary facilities in Klaipeda (Lithuania), Lipetsk ( Russia), and Bonbonetti Choco (Hungary). Poroshenko in January 2016 stated he signed a contract, according to which he transferred his stake in Roshen Corporation to an independent "blind" trust."