New Panama leaks show offshore firm linked to associate of Ukraine's Poroshenko
Source: Reuters
| Tue May 10, 2016 3:27pm EDT
New Panama leaks show offshore firm linked to associate of Ukraine's Poroshenko
KIEV | By Natalia Zinets
A deputy director of Ukrainian President Petro Poroshenko's confectionery empire is a beneficiary of a company registered in the British Virgin Islands (BVI), according to new information from the leaked "Panama Papers".
The link to Sergei Zaitsev is potentially embarrassing for Poroshenko because he said in April he wanted to pass a law requiring Ukrainians to disclose all their offshore holdings in an attempt to force them to pay tax in their home country.
Serhiy Leshchenko, a prominent lawmaker in Poroshenko's faction, told Reuters on Tuesday that a special investigative commission should be set up to probe Poroshenko's business dealings as a result of the latest allegations.
. . .
Poroshenko, one of Ukraine's richest businessmen, was propelled to power by a popular revolt in 2014, and needs to convince Kiev's Western backers that he is serious about improving governance and rooting out entrenched corruption to secure continued financial backing.
Read more: http://www.reuters.com/article/us-panama-tax-ukraine-idUSKCN0Y12HQ?rpc=401
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President Petro Poroshenko [/center]
