Paradise Papers: New offshore foundation created for Naftogaz top manager to siphon currency

It is about the Pioneer Foundation, which had operated for 14 months, according to documents of a new global investigation dubbed "Paradise Papers," Hromadske said.

According to the journalists, Alfa-Bank could have been involved in the funds withdrawal scheme, while the account for Oleksiyenko's foundation was opened in the Bank of Cyprus.

Read alsoPanamagate-2: journalists worldwide publish "Paradise Papers"Oleksiyenko was hired by NJSC Naftogaz of Ukraine in July 2014 to be in charge of the company's promising projects. Now he is a member of the board of the state-run gas transport system operator Ukrtransgaz, a Naftrogaz subsidiary. Before that, he was an investment banker, working for well-known Ukrainian companies.

As UNIAN reported earlier, two Ukrainian citizens, namely former MP from the Party of Regions, ex-President Viktor Yanukovych's associate Anton Prigodsky and former deputy prime minister from the same party Valeriy Voshchevsky surfaced in the new Paradise Papers investigation, published by journalists of the International Consortium of Investigative Journalists (ICIJ) on November 5, 2017.

It is a global investigation by ICIJ, Suddeutsche Zeitung and more than 90 media partners based on 13.4 million leaked files from leading offshore law firm Appleby, trust company Asiaciti, and from company registries in 19 secrecy jurisdictions. The files reveal the offshore activities of some of the world's most powerful people and companies.