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Kyiv court arrests Burisma gas holding’s accounts

The work of the gas holding of the former Ukrainian ecology minister is blocked.

Kyiv court arrests Burisma gas holding’s accounts
Photo: burisma.com

Kyiv’s Pecherskyy district court on 1 July arrested the funds and securities on the bank accounts of companies incorporated into the Burisma holding company of former Ecology and Natural Resources Minister Mykola Zlochevskyy.

The accounts of Esko-Pivnich Energy Service Company Ltd, Pari Ltd and First Ukrainian Oil and Gas Company Ltd were arrested.

Earlier, three resolutions of the Pecherskyy district court, dated 1 July, under which 20 wells of Esko-Pivnich Ltd, 12 wells of First Ukrainian Oil and Gas Company Ltd and 14 wells of Pari Ltd were arrested, were published in the State Register of Court Rulings.

Prosecutor-General Yuriy Lutsenko said that Esko-Pivnich was subject to a criminal investigation.

“The Esko-Pivnich company founded by the British company Burisma has reported its profits as fake expenditures, thus evading paying the profit tax,” he said. According to Lutsenko, the company has not paid 1bn hryvnyas in taxes over two years.

Other shareholders of Burisma, apart from Zlochevskyy, were not involved in the scheme.