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Dutch Party Asks Zelensky to Account for $850 Mln Personal Wealth

By Ilya Tsukanov | Samizdat | April 26, 2022

Last year, a Pandora Papers leak revealed that Mr Zelensky, who campaigned on promises to “break the system” of oligarchic control and corruption in Ukraine, set up a spider web of offshore companies in 2012. Zelensky’s office justified the move by saying they were a form of “protection” against former President Viktor Yanukovych.

A Dutch political party has taken an interest in Ukrainian President Volodymyr Zelensky’s personal finances.

“Zelensky has a fortune: various estimates put his wealth at around $850 million. He amassed most of it after taking office as president. Where does the money come from? And more importantly, where is it going?” the Forum for Democracy asked in posts on its Twitter and Telegram accounts on Monday.

The Dutch national conservative and hardline Eurosceptic party boycotted Zelensky’s speech to the Dutch parliament last month, denouncing it as a violation of nearly two centuries of democratic tradition, which forbid foreign heads of state from speaking before the House of Representatives.

The party also expressed concerns about Zelensky’s ban of political parties, including the main opposition party, and the shuttering of TV channels critical of his regime.

The Forum for Democracy did not specify where it got its $850 million estimate.

Ilya Kiva, a Ukrainian opposition lawmaker who was stripped of his mandate last month, alleges that “hundreds of millions of dollars” are being wired to accounts controlled by the president’s office, where they are being plundered, not just by Zelensky and his staff, but by “Western politicians who get kickbacks for their [countries’] assistance”. Kiva has suggested that Zelensky’s earnings have recently jumped to about “$100 million a month”.

Before becoming president in 2019, Zelensky co-owned the Kvartal 95 television entertainment company, which he co-founded in 2003. Last week, Volodymyr Landa, deputy editor-in-chief of Forbes Ukrainesaid that the company earns about $20-$30 million per year, with Zelensky owning a 25 percent stake.

Before the 2019 election, Zelensky’s family also earned a 25 percent stake in the Maltex Multicapital Corp, a tax shelter in the British Virgin Islands, through a separate Belize-registered shell company, Film Heritage, according to the Organized Crime and Corruption Reporting Project. Zelensky insisted after the election that he had dropped his share in the company, and has not mentioned the company in any of his tax declarations since 2018.

However, in October 2021, the OCCRP reported that the president, his family, and members of his inner circle have held on to Maltex, and operate an entire network of shady offshore companies, at least two of them used to buy property in London near the famous 221B Baker Street and the Houses of Parliament.

Ihor Kolomoisky, a Ukrainian oligarch who heavily sponsored Zelensky’s campaign in 2019, has himself been accused of stealing $5.5 billion from PrivatBank, Ukraine’s largest commercial lender, and funnelling it offshore.

Pressed by media over the offshore-related revelations late last year, Mykhailo Podoliak, an adviser to Zelensky’s chief of staff, assured that the president had been forced to create the offshores to “protect” income from the “aggressive actions” of the “corrupt” government of President Viktor Yanukovych. “Journalists have de facto confirmed the president’s absolute respect for the standards of anti-corruption legislation”, Podoliak said.

Yanukovych was ousted in a Western-backed coup in 2014, giving rise to the Ukraine crisis which continues to this day.

April 26, 2022 - Posted by | Corruption |

5 Comments »

  1. Only $850 million? Hey, no problem.

    Hate to be sarcastic, which shows a resigned attitude. Perhaps better to show outrage.

    But, what to do with it? For the current American leadership is so committed to giving money and arms and political support for this utterly corrupt Ukrainian Zelensky, that affecting it all seems impossible.

    And, more and more, America is being sucked into a war, a war with Russia, all for one of the most corrupt countries on earth, in tandem with the profiteering by American arms industry to sell its death material to the US government (Pentagon) for military armament to GIVE to the Ukraine.

    America! You are being suckered by this Biden, the arms industry and this corrupt Ukrainian leader, just as much as you are being suckered by the Zionist state, its partisans and those it has bribed and intimidated into giving and giving and giving money to Israel.

    With Israel, it is not an ally. How is the Ukraine an ally? It, too, is dragging the United States into war, but in this case, it’s not a war against a so-very hapless people, who are demonized for throwing stones and bricks against Israeli tanks and armored vehicles… with the Ukraine, it’s Russia that we’re being suckered into confronting.

    Liked by 1 person

    Comment by michael | April 26, 2022 | Reply

  2. “Who control’s Money, controls the World”……Henry Kissinger

    Who controls the World Monetary system?,……Lord Rothschild

    Who runs the World’s offshore Tax Avoidance system?….The “BIG FOUR” World Accounting Companies(for which they are handsomely rewarded)

    $850,000,000 to a Grub like Zelensky?….No problem…..(and, my guess is, if Zelensky ‘dies’ in this war(one way of the other) it’s possible that his money will “disappear”………back to where it came from…….

    There are “Useful Idiots” aplenty in this world……..Look at Sleepy Joe….!!

    Like

    Comment by brianharryaustralia | April 26, 2022 | Reply

  3. WOW! Someone FINALLY stopped and read the writing on the wall huh? Amazing how long that seems to take these days…

    Like

    Comment by Shlomo Shlopinsky | April 26, 2022 | Reply

  4. lol “forced to create ” hidden accounts to protect his income. its a comedy is it not?

    Like

    Comment by chrisirish67 | April 27, 2022 | Reply

  5. During hostilities, politicians can indeed enrich themselves by betraying the national and economic interests of their country. In their own countries, they are spending austerity on the maintenance of children and people with low incomes. Your personal interests come first.

    Like

    Comment by vikkswiz | April 30, 2022 | Reply


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