Ukraine ยท Pandora Papers
Volodymyr Zelensky: offshore leaks and what happened next
No official action reported No investigation, charge or official finding concerning Zelensky's Pandora Papers disclosures was found in the sources reviewed.1,2
Being named in a leak is not evidence of wrongdoing, and owning an offshore company can be legal. Each record sets out what was reported, the person's response, and what official action, if any, followed.
What was reported
OCCRP, an ICIJ partner, reported that Zelensky and his partners in the Kvartal 95 production company set up offshore companies in the British Virgin Islands, Belize and Cyprus dating to at least 2012, and that in 2019 a Belize firm he owned with his wife transferred its stake in the BVI company Maltex Multicapital Corp to a company linked to Serhiy Shefir. OCCRP reported that Maltex was not mentioned in his asset declarations.1
Response
OCCRP reported that a spokesman for Zelensky declined to comment before publication. Zelensky later told ICTV that the report contained nothing new and that neither he nor Kvartal 95 members engaged in money laundering, Kyiv Post reported.1,2
What happened afterwards
- No action reported, None reportedThe reports reviewed describe no investigation of Zelensky by Ukrainian authorities over the Pandora Papers findings.1,2
Sources
- OCCRP, Pandora Papers Reveal Offshore Holdings of Ukrainian President and his Inner Circle (3 October 2021)
- Kyiv Post, Zelensky comments on Pandora Papers offshore investigation (18 October 2021)