Pechersk District Court Decision is Fully Consistent with the British Court Decision

September 28, 2016

 

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. The correspondent decision was taken in the case № 805 and is not subject to appeal.

Upon 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. 

The Pechersk District Court decision is fully consistent with the decision taken by the British court in January 2015. As part of case proceedings, the court in London examined evidence with regard to Mykola Zlochevskyi’s activities in Ukraine from 2002 to 2014. After a thorough examination of materials, provided by both parties during a nine months period, the British court found no evidence whatsoever of any violations or illegal activities. The prosecution did not file a counterclaim and was obliged to cover all legal costs incurred by the defense.

“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 is fully consistent with the decision adopted 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.

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.

Burisma Group stands ready to assist the Ukrainian authorities in promoting the rule of law, democracy and principles of justice. The Group remains transparent and open for cooperation with law enforcement agencies.

For more detailed information please contact our press-center: media@burisma.com

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