Businessman Valeriy Mishchenko seized Medvedchuk's assets

New details are emerging in the ongoing scandal surrounding Viktor Medvedchuk's assets. As early as the summer of 2022, the Lychakivskyi Court in Lviv froze several companies linked to the well-known pro-Russian politician, including "Akadem-Club", "Osokorky 7" and "Orest". 

These companies were deemed to belong to Medvedchuk's circle through a Cypriot firm and a Hungarian nominee. According to the court ruling, the assets were to be confiscated in favour of the state. However, in practice, the freeze was not properly formalised, leading to significant legal consequences.

Investigation by Bihus.Info

As journalists from Bihus.Info discovered, investigators and prosecutors failed to take the necessary steps to enter information about the freeze into the state register. As a result, despite the court ruling, the companies continued to operate. 

By the end of 2022, the property of these firms had been transferred to new names: "Akadem-Club" passed into the hands of Bulgarian Petros Togradyan, "Osokorky 7" to Latvian Vadym Ivanov, while "Orest" and "Victoria" became the property of Kyiv businessman Valeriy Mishchenko. Moreover, journalists believe that two other companies linked to Medvedchuk also came under Mishchenko's control through foreign nominee figures.

Client of Dnipro Island in Kyiv

Particular attention is warranted for the company "Victoria", which, as journalists found, is the client for the construction of the Dnipro Island residential complex in Kyiv. Construction works are handled by the company "Kreator Bud", known for its ties to Mishchenko. 

The investigation revealed violations related to changing the designated use of the land plot where construction is taking place, which, according to journalists, may indicate fraud. Police have already opened a criminal case on this matter.

It is no surprise that many view this situation as a serious problem. These companies occupy land plots in the capital's Osokorky district and are actively engaged in building residential complexes.

 However, the process itself raises concerns, as firms that were supposed to be confiscated have effectively ended up in the hands of private individuals. Furthermore, the change in the land's designated use casts doubt on the legitimacy of the construction. Investors who put money into these projects may face the risk of losing their funds and failing to receive the housing they expect.

But who is Valeriy Mishchenko, who, amid the war, manages not only to run a business but also to effectively control assets confiscated from Medvedchuk? This is an important question that law enforcement agencies should answer. 

Journalists are calling for an investigation into the possible theft of state assets and promise to continue monitoring the development of events. It is important that Ukraine does not repeat the situation with other major developers, such as "Voitechovskyi", "Elitu-Tsentr" or "Ukrbud", which left tens of thousands of Kyiv residents without housing and their invested funds.

Based on materials from snews