A new global investigation dubbed "the Paradise Papers" concerns 68 Ukrainians (55 men and 13 women), according to a YouControl press release published on Tuesday, December 5, as reported by Deutsche Welle's Ukrainian service.
Roshen Confectionery Corporation, owned by Ukrainian President Petro Poroshenko and transferred to a blind trust in January 2016, paid UAH 1.21 billion (US$45.4 million) in taxes in January-October 2017, according to the corporation's press service.
A spokesman for Ukrainian President Petro Poroshenko's Administration says that there will be no reaction to an investigation by journalists into the creation of offshore companies to transfer Roshen Corporation to a blind trust's management, according to Radio Free Europe / Radio Liberty's Ukrainian language service.
An offshore foundation was established in the Isle of Man early in 2016 for senior manager of a Ukrainian gas company Serhiy Oleksiyenko to siphon foreign currency abroad despite the restrictions that were in effect in Ukraine, according to the Hromadske media outlet referring to a new investigation by journalists.