"The compliance service of NJSC Naftogaz of Ukraine has started checks on the information that appeared in the media regarding the establishment of an [offshore] foundation and possible transactions in foreign jurisdictions by member of Ukrtransgaz's board Serhiy Oleksiyenko who was also former chief adviser to the chairman of Naftogaz's board," the press service said.
Read alsoParadise Papers: New offshore foundation created for Naftogaz top manager to siphon currencyThe results of the checks will be published after the procedure is over, it added.
As was reported earlier by the media with reference to documents of a new global investigation dubbed "Paradise Papers," an offshore foundation was established in the Isle of Man early in 2016 Oleksiyenko to siphon foreign currency abroad despite the restrictions that were in effect in Ukraine.
