68 Ukrainians (55 men and 13 women) appear in the international offshore investigation dubbed "Paradise Papers," reports Deutsche World with reference to the analytic system YouControl.
According to YouControl, among 57 offshore companies owned by Ukrainians, 27 are registered in the British Virgin Islands, 11 in Bermuda, 7 in Malta, 4 in the Isle of Man, 3 in the Cayman Islands, 3 in the Seychelles Islands, 1 in the United Kingdom and 1 on the Island of Jersey.
It is reported that two-thirds of the Ukrainian founders of offshore companies found in the Paradise Papers are the leaders or owners of Ukrainian companies operating in financial-investment, agrarian, pharmacological, transport, energy and IT sectors.
Analysts at YouControl write that offshore companies are used as by the groups of companies involved in heavy industry and large-scale production, as well as small start-ups who develop computer programs.
Members of the International Consortium of Investigative Journalists, as well as the Organized Crime and Corruption Reporting Project Center or OCCRP released the “Panama Papers” project last year, a collaborative, investigative effort that came from its acquisition of a massive hoard of leaked documents. In the spring of 2017, the consortium gained access to new documents and then a new journalist investigation was launched called “Paradise Papers” or “Documents from the paradise islands."
President Petro Poroshenko’s offshore investments also appears in these documents. The new data allowed journalists to assume that Poroshenko had created an offshore company not to transfer Roshen to a blind trust but to minimize taxes.