: Ukrainian President responds to 'offshore scandal'

18:55 Apr. 4, 2016

Ukrainian President responds to 'offshore scandal'

Ukrainian President Petro Poroshenko (UNIAN Photo)

Offshore tax schemes of dozens of prominent world figures - including President Petro Poroshenko and 20 other Ukrainians - have been exposed by ICIJ

President of Ukraine Petro Poroshenko said that he withdrew from asset management, outsourcing this function to consulting companies and law firms, according to the president's posting on Facebook.

"I believe I might be the first top office official in Ukraine who treats declaring of assets, paying taxes and conflict of interest issues profoundly and seriously, in full compliance with the Ukrainian and international private law," Poroshenko said. 

"Having become a President, I am not participating in management of my assets, having delegated this responsibility to the respective consulting and law firms," said Poroshenko. "I expect that they will provide all necessary details to the Ukrainian and international media."

Read also Revealed: Most high-profile offshore account holders in Eastern Europe, ex-Soviet states (GRAPHICS)

As reported, according to the investigation of the Organized Crime and Corruption Reporting Project (OCCRP), which is based on documents from a Panamanian law firm Mossack Fonseca, Ukrainian President Petro Poroshenko created three offshore companies for management of assets, including a confectionery corporation Roshen, without giving any details about this move in his report to tax services.

Read also Head of Ukraine's National Bank linked to offshore scandal: ICIJ investigation

In general, the investigation refers to the offshore schemes  of 12 current and former presidents and more than 120 businessmen worldwide. 

Я перша посадова особа в Україні, яка серйозно ставиться до декларування своїх статків, сплати податків і питання конфлі...

Опубликовано Петро Порошенко 4 апреля 2016 г.


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