13:04 21.06.2016

MP from Poroshenko Bloc calls on PGO to probe tax evasion by Concern Stirol former owners

2 min read
MP from Poroshenko Bloc calls on PGO to probe tax evasion by Concern Stirol former owners

A deputy from the Petro Poroshenko bloc in parliament Volodymyr Ariev has called on the Prosecutor General of Ukraine (PGO) to launch an investigation into possible tax evasion and illegal transfer of funds by the former owners of Concern Stirol, Mykola and Ihor Yankovsky.

"I informed the PGO where they can catch 'big fish,' about the scheme used by former cronies of disgraced former President Viktor Yanukovych to evade hundreds of millions of USD in taxes in Ukraine, Hungary and other EU states. I am talking about the Yankovsky family," Ariev wrote on his Facebook page on Monday.

According to Ariev's letter to the PGO, from 2003 to 2010 Open Joint Stock Company Concern Stirol exported its products to Friston LLP (UK) and Interprofit 2000 KFT (Hungary) at discounted prices (in order to minimize taxes) before selling them [to traders] at market prices.

"The companies used the profit from these deals to make loans to other companies they owned in order to buy assets internationally, in addition to financing the election campaign of Yanukovych in 2009 and lobbying the interests of their Concern Stirol within Ukrainian government agencies," Ariev wrote in his letter to the PGO.

The MP said another way the Yankovsky family evaded taxes was to extend credit lines and non-refundable financial assistance to companies they owned or controlled, including to Ukrainian LLCs Kamia, Kamia Plus, Kamia Securities Service, and Nereyinterans.

The MP said Mykola and Ihor Yankovsky also avoided paying taxes following the sale of Concern Stirol to Group DF in 2010 by using the offshore Company Dotterbloem B.V. (Holland).

As earlier reported, the Yankovsky family sold Concern Stirol to Group DF (Dmytro Firtash) in 2010.

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