A notorious former Party of Regions member, who was put on the wanted list, has completed the reorganization of his business.
Yuri Ivanyushchenko
In the business empire of the odious former Party of Regions member Yuriy Ivanyushchenko and his partner Ivan Avramov Decreased. As DS has discovered, two companies registered in the UK capital, considered the foundation of the corporate structure of their joint business—Rollexa Limited and Pallace Limited—recently officially ceased to exist. The first of the London firms was liquidated on January 12, the second on January 19. Both companies "departed" voluntarily, performing a so-called voluntary strike-off.
What was so special about these companies? Rollexa Limited and Pallace Limited were essentially holding companies that held the primary assets of their business partners, known in certain circles as Yura Yenakievsky and Ivan Ivanovich. The first company was officially registered to Diana and Irina Ivanyushchenko, the daughter and wife of a former MP from the Party of Regions. The second was wholly owned by Avramov himself.
Before the fall of Viktor Yanukovych's regime, under which Ivanyushchenko and Avramov's businesses flourished, Rollexa Limited and Pallace Limited jointly owned a number of British companies. These included Goodlight Capital Limited, Fieldlane Limited, Production Investment Management Ltd, Fablet Limited, Gazoil Corporation Limited, Impool Limited, and many others. Through these companies, Ivanyushchenko and Avramov, in turn, indirectly controlled a diverse range of assets in Ukraine, the lion's share of which were managed by their venture funds, Innovative Strategies and New Technologies (Avramov personally served as president and chairman of the supervisory board of the latter until recently). These included enrichment plants, companies holding gas and oil production licenses, and financial, construction, trade, and transportation entities.
The change of power in Ukraine, Ivanyushchenko's flight to Russia following Yanukovych, his placement on the wanted list, and the imposition of EU sanctions against him undermined the joint business of the two influential associates. But Yura Enakievsky and his partner eventually found a way out. The beginning was laid by financiers: in the summer of 2014, TK Credit Bank, where Ivan Avramov was a member of the supervisory board at the time, reported that its beneficiaries were two South African citizens, Willem Martinus de Beer and Ibanets Elmarie. According to the financial institution, both of them indirectly own the New Technologies fund on an equal basis. These same South Africans were named as the beneficiaries of the lion's share of Ivanyushchenko and Avramov's remaining businesses in Ukraine—for example, the companies Alba Resource and Mironovkabudmontazh, which hold licenses to develop the Yuzhno-Medvedevskaya and Yuzhno-Khrestishchenskaya fields in the Kharkiv region, with total reserves of over 7 billion cubic meters of gas.
There is no evidence yet that the offshore companies that replaced Ivanyushchenko and Avramov's are the same owners. However, the assumption that Yanukovych's once-all-powerful "overseer" and his heavy-handed companion sold their businesses to unknown South African lawyers is highly questionable.
Willem Martinus de Beer was also charged with the ownership of Freelance-Trans, a company that co-owns Master Avia (Kyiv Airport) and the Kyiv-based Stolichny market for grain products, on a parity basis with companies belonging to former Party of Regions member Vasyl Khmelnytskyi. Soon, other South Africans emerged in the Ivanyushchenko and Avramov empire. For example, Monica van Zyl, who managed Ivanyushchenko's family company, Rollexa Limited, until its liquidation, was named as a beneficiary of the Innovation Strategies fund. She was joined in the company by another South African citizen, Willem Schalk van Geerden, allegedly the beneficiary of FC Lider, one of Ivanyushchenko and Avramov's main financial companies.
In parallel with this reshuffle, a similar change took place in the UK. Over the past year, Rollexa Limited and Pallace Limited divested themselves of most of their London affiliates. In their place, two new entities, whose jurisdictions remain unclear (apparently registered in offshore island zones), have acquired equal shares in the capital of the "Ivanyushchenko and Avramov legacy"—Latchley Holding Limited and Benozan Holdings Limited. There is no evidence that their former owners are behind them. However, this seems far more likely than the assumption that Yanukovych's once-all-powerful "overseer" and his heavy-handed companion, who enjoyed hunting boar with the former Ukrainian president's eldest son, sold their business, which had earned them billions of hryvnias, to unknown South African lawyers. But it's quite difficult to understand why our authorities—for example, the National Bank of Ukraine, which still considers the aforementioned Africans to be the "ultimate key participants" in TK Credit Bank—believe this so much.
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