The National Anti-Corruption Bureau of Ukraine will not investigate Poroshenko's offshore accounts

The National Anti-Corruption Bureau of Ukraine (NABU) will not conduct an investigation into the accounts of the Ukrainian President based on the Panama Papers, as it has no jurisdiction to do so.

The National Anti-Corruption Bureau of Ukraine reported on Monday, April 4, 2016, that it will not conduct an investigation regarding the President of Ukraine, Petro Poroshenko, based on the Panama Papers and other information concerning offshore companies’ policies.  The NABU referred to the Law of Ukraine "On the National Anti-Corruption Bureau of Ukraine" and the Criminal Procedure Code.

"Persons that could be investigated by the Bureau are senior officials authorized to perform State functions or local government officials, however, it does not have the authority to investigate certain officials, in particular the President of Ukraine. We emphasize that, according to legislation, the acting President of Ukraine is not under a NABU investigation and the Bureau has no authority to begin an investigation," the website informed.

The NABU also added that in respect to other persons mentioned in the Panama Papers, an analysis will be conducted to see if there are grounds for a pre-trial investigation.  As reported in the published materials, this includes the Mayor of Odessa, Gennady Trukhanov, the Batkivshchyna party leader, Yulia Tymoshenko, and the Former Prime Minister, Pavlo Lazarenko.

  Poroshenko, Panama papers