It was reported yesterday that the Pechersk District Court of Kiev found no criminal wrongdoing in the actions of Mykola Zlochevskyi, the President and Owner of Burisma Group, and obliged the Prosecutor General’s Office of Ukraine to remove him from wanted list.
“For the very first time in the Ukrainian legal practice, cooperation between a private company and authorities led to a lawful and transparent decision confirmed by the international justice. The decision of the Pechersk District Court recognizes and fully corresponds with the decision made earlier by the British court. Both cases – in Ukraine and in the United Kingdom – were conducted within the largest possible time frames allowing the courts to take an objective and unbiased decision”, noted Mr. Zlochevskyi’s attorney Jarosław Bielawski in the company’s announcement.
Burisma Group confirmed that after a thorough examination of case materials, the Pechersk district court of Kiev found that Mykola Zlochevskyi did not receive a procedural status of a suspect in criminal proceedings. He is a witness, and no procedural measures adopted during the pre-trial investigation should be taken against him.
Almost two years ago, in January 2015, the British court found no violations or illegal activities in the actions of Mykola Zlochevskyi. During the nine-month court case, the Court in London examined evidence provided with regard to Mykola Zlochevskyi’s activities in Ukraine from 2002 to 2014. The prosecution did not file a counterclaim and was obliged to cover all legal costs incurred by the defense.
Mykola Zlochevskyi, who resumed his business activities in 2012, is the President of the International Energy Group Burisma with assets in Ukraine. Today, Burisma is the largest independent Ukrainian gas producer. In 2016, total natural gas production volume exceeded 1 bln. m3.
Energy service company “ESCO Pivnich”, Burisma’s largest operating company, was ranked among TOP 20 largest taxpayers in Ukraine, according to the State Fiscal Service as of April 1, 2016. Over the past two years, Burisma paid more than UAH 5 bln. in tax liabilities to the Ukrainian budgets of all levels. In 2016, the total amount of tax liabilities is expected to be more than UAH 2 bln.