While Dnipro oligarch Hennadiy Boholyubov is hiding from the SBI investigation in Vienna, his businesses in Ukraine continue to operate.
Currently, a number of Bogolyubov's assets are still being held and sanctioned by many other members of the so-called Privat group in the case of the embezzlement of PrivatBank funds, in particular, because these assets are not registered to Bogolyubov himself.
The Register of Legal Entities shows that Boholyubov hides a whole pyramid of financial and manufacturing companies behind his son-in-law Stanislav Sheikhetov. And these companies continue to bring billions of dollars in revenue to the fugitive oligarch.
Stanislav Markovich Sheikhetov is the husband of Bogolyubov's sister Natalia Bogolyubova. According to OpenData, seven companies are registered in his name. Most of them own corporate rights to a number of other companies, which, in turn, have their roots in various offshore zones.
Among the network of these assets, it was possible to find Bogolyubov's successful metallurgical business, which, on the one hand, is currently being unsuccessfully sued by Ukrnafta, and which, on the other hand, brought Bogolyubov, who is on the international wanted list, more than UAH 1 billion in revenue in 2023 alone. For example, Sheikhetov's AK Pearl LLC owns corporate rights to MITILENA LLC. The co-owners of the latter include LEMBORG LLC. And this company is 70% owned by METALLURGIC TRANSPORT COMPANY LLC, located in Dnipro.
According to its financial statements, in 2023, the metallurgical company received UAH 1,097,189,000 in revenue. It showed approximately similar revenues in 2022 and 2021. According to the Register of Court Decisions, the state-owned Ukrnafta is now actively suing Metallurgical Transportation Company to terminate contracts dating back to 2017. In addition, the company is also involved in a criminal investigation by the State Bureau of Investigation for tax evasion.
“The materials of the criminal proceedings show that the officials of Metallurgical Transport Company LLC intentionally evaded taxes during 2021-2022 by forming an unjustified tax credit, which led to the actual non-receipt of funds in particularly large amounts to budgets or state trust funds,” one of the court rulings reads.
Given this information, it can be stated that despite the search, arrests, illegal flight from the country and participation in money laundering schemes of PrivatBank, the beneficiaries of the former so-called Privat Group still continue to actively earn money in Ukraine and withdraw it to offshore.