Tuesday, October 27, 2020

Ukrainian businessman and honarary head of Ukrainian Tennis Federation suspected of money laundering

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The National police of Ukraine announced on Wednesday that the businessman Vadym Shulman is being investigated on suspicion of money laundering.

No further details have been released regarding the allegations, but the Ministry of the Interior said that it added Shulman to its wanted persons list on July 26.

Shulman is a former partner of Ihor Kolomoiskiy and Gennady Boholiubov in the mining and metallurgical business. Shulman also has extensive interests in the chemical and energy industries as well in telecommunications. He is also an honorary president of the Tennis Federation of Ukraine.

In May 2017, Shulman filed a lawsuit in the High Court of London, in which he accused Kolomoiskiy and Boholiubov of fraud of more than 500 million dollars.

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He claimed that his partners defrauded him and from 2000 to 2007, he did not get profit from his share in the common business.

Related: Oligarchs Weaponized Cyprus Branch of Ukraine’s Largest Bank to Send $5.5 Billion Abroad

The British court refused to consider the claim, stating that it was not in its jurisdiction.

Ihor Kolomoiskiy is seen by many as playing vital role in the election of Volodomyr Zelenskiy as President of Ukraine in May. Kolomoiskiy’s television station 1+1 hosted Zelenskiy’s tv show and provided security and logistical backup for the comedian’s campaign. It was also revealed that Zelenskiy traveled 14 times in the past two years to Geneva and Tel Aviv, where Kolomoisky is based in exile, according to Politico.

Vadym Shulman, was one of the Ukrainian names who featured on the Paradise Papers uncovering the hidden wealth tax exiles stashed in offshore accounts. According to OCCRP, Shulman, who lives in Monaco, bought a Gulfstream G450 jet direct from the manufacturer for $35,000,000 in 2012 and set up a network of companies in the Isle of Man and British Virgin Islands for the purposes of operating and servicing the aircraft. In internal documents, the firm refers to the aircraft deal as being of “high risk.”

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