The income of the President of Petro Poroshenko has increased this year, media reported. Experts suspect the use of diagrams, predict the future, “capitalization”. They point out that the Head of state took the sixth place in the ranking of richest Ukrainians.
“Blind trust” at anything
President Petro Poroshenko for incomplete 2018 declared nearly 124 million hryvnias of profit. Changes in financial situation the President has made 2 Nov. On this day he declared that 1, 3 million hryvnia interest income from investments in the international investment Bank.
At the end of October the Head of state has declared UAH 28.8 mn of income from securities and corporate rights, and UAH 6 million. dividends. Earlier he already declared for 84.7 million UAH of dividends. Just as at the beginning of November 2018, he declared 123 million 645 thousand UAH 421, said “Ukrainian truth”.
Note that for all of last year, the President submitted a Declaration 16, 3 million. income. Thus, the income of Petro Poroshenko in less than a year increased by 8 times.
The head of the Ukrainian analytical center Oleksandr Okhrimenko said: “the Increase in revenues of Petro Poroshenko is due to the process of bleaching.”
Recall that in the first year of his presidency Petro Poroshenko has declared that its revenues grew by 7 times in comparison with 2013, when he was the head of the state. Then in the Declaration appeared 369 million UAH. (compared to 51 million in 2013).
In November 2015, in an interview with Deutsche Welle Petro Poroshenko assured that the issue with the trust management of its assets have been resolved. In return for the 2015 year, he showed the reduction of costs 6 times to 62.2 million.
Then it became known that an agreement on share transfer of the President of Petro Poroshenko in the Corporation “Roshen” in blind trust (trust) was signed on 14 January 2016. In the Declaration of 2016 the income of the head of state has dropped by five times – up to UAH 12,3 mln.
From 2017, the Declaration of the President showed revenue growth of 1.3% to 16.3 million UAH. And now the media has recorded eightfold increase.
Okhrimenko said: “Poroshenko tries to present an increase in their income as a blind trust that pays a high dividend, and that this growth does not depend on him”.
But according to analysts, attempts to explain income growth trust is a fiction. “There is a contradiction. Because officially, Poroshenko live on one salary of the President. But when you consider the amount of its actual expenses, the money that he earns as President, of course all this is not enough,” he said.
Okhrimenko believes that Petro Poroshenko uses a common scheme of money laundering. Getting a certain amount (e.g., from offshore), the official may buy their bonds to earn interest. Then the interest declared. “By law, these revenues are not taxed. The declarations of many officials provides information about so-called “investment income,”- says the analyst.
And the media can find information about that on 18 October, President Poroshenko has bought the Bonds of Domestic Government Loan cost of 27.5 million UAH. On 17 October of the same bonds in the amount of 103.4 million UAH. Writing that the seller was made by the international investment Bank (IIB), which belongs to Poroshenko.
Sixth in Ukraine, nine in Davos
Advisor to the law firm Avellum representing the interests of Petro Poroshenko, Vadim Medvedev said that the media has greatly overstated the amount of profit that Petro Poroshenko received from the acquisition of bonds of internal state loan.
They say that 28 million UAH, which were discussed in the media, was just a return of borrowed funds, and not profit. And the declared income is primarily the return on investment, attracted by the budget and not an increase the condition individuals.
“The actual return on transactions with foreign bonds is equal to the market rate of 3.35% per annum. Probably, speech can go about a thousand hryvnia profits, but not about the millions,” – says Medvedev.
Whatever it was, the President of Ukraine Petro Poroshenko ranked sixth in the list of richest Ukrainians, presented by Novoe Vremya magazine in conjunction with the investment company Dragon Capital.
According to experts of Dragon Capital, the President increased his wealth by 10% and has a capital of 1.1 billion. Analysts in detail not dwell on this point of rating (although it is widely known that the Lipetsk factory “Roshen” does not work).
At the beginning of the year, it was reported that Petro Poroshenko is the ninth in the list of the richest participants in the economic forum in Davos. According to the rating, published in the British media, as Poroshenko was estimated at 1.6 billion dollars. it is Noteworthy that Peter Poroshenko and US President, Donald trump was the only policy in the published list (as trump is estimated at 4.9 billion. placing it on the 6-th place).
The political scientist Ruslan Bortnik, then predicted that in 2018 Petro Poroshenko will become even richer. “All of the key moments that allow him to increase the capital, remained. To date, these key points are energy, everything connected with the “Roshen”, and everything to do with his Bank. All this remains and continues to work. Most likely, the capitalization Poroshenko will increase at least by 20-30%”, – he predicted.
Recall that in the Empire the head of state include: the Corporation “Roshen” ( Vinnitsa, Kiev, Kremenchug and Mariupol confectioneries; Klaipeda and Hungarian company Bonbonetti Choco Kft), the plant “Workshop on rybalskaya” investment Fund “Prime assets capital”, peskovsky glassware factory, plant “Energoavtomatika” LTD “Ukrprominvest-agro” ( “skirts” and “dawn skirts”, LLC “Agrofirma Deprogramed”, “Agrofirma Ivankivtsi”), “Dnipro krakhmalopatochnyi plant”, Association “Krakhmaloprodukt”, Insurance company “Krajina”, international investment Bank, television channel “5 channel” etc.
Expert Alexander Dubinsky declares: “What is remarkable Poroshenko, so it’s just rampant greed. If there is an opportunity, he spits on any moral and ethical standards”.
As you know, Lipetsk factory “Roshen” is now closed. Poroshenko himself said: “the Locks on the gate, laid off thousands of people and stop production, which is worth 700 million dollars… I had a business in Russia before the war, but the war changed everything”.
Note that the military operations in the Donbass are 2014. But according to media reports, For the period 2014-2016 Corporation “Roshen” was brought to Ukraine dividends from Russian assets for $ 72 million. Write that in the Russian budget only in 2016 Lipetsk factory paid taxes on almost one billion rubles.