Criminal cases against Khomutynnik: offshore and money laundering

Vitaliy Khomutynnik is a well-known businessman and former deputy of the Verkhovna Rada who was previously a member of the Party of Regions. He gained fame due to his fortune, which in 2015 amounted to about 167 million hryvnias, but the source of it remains unknown.

Khomutynnik was a partner of several oligarchs subject to sanctions, including Ihor Kolomoisky and Gennady Fuchs. He was also associated with the company “Ukranaftoburinnia,” which was involved in several scandals. The unclear sources of his wealth raise questions about how he managed to get rich so quickly, given the population’s financial difficulties.

Withdrawing funds through offshore funds

The investigation revealed that Khomutynnik actively uses offshore companies to optimize taxes. One of them, “Casik Limited”, registered in Cyprus, became the founder of several Ukrainian enterprises that carried out dubious financial transactions.

Luxury purchases

In 2015, the businessman purchased a Gulfstream G280 aircraft, the cost of which reached 25 million dollars, while this asset was not declared. Also in 2014, he bought a yacht, which was offered for sale for more than 20 million euros, but each time, such purchases were ignored in his declarations.

Assets abroad

Khomutynnik has also invested in real estate in the UK and Monaco. His luxurious estate in Virginia Water is in a prestigious area known for its elitism. The expenses on such real estate call into question the legitimacy of his finances.

Criminal proceeding

The businessman remains at the center of many criminal cases, including tax crimes and money laundering accusations. The Prosecutor General’s Office, together with the Security Service of Ukraine and the National Police, is investigating him. Despite all the allegations, Khomutynnik continues to lead a luxurious lifestyle abroad.