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Fincorp Resources llp

Сategory Connected to PEP
Taxpayer's number OC363406
Current state dissolved since Aug. 15, 2017
Дата створення April 4, 2011
Address WD6 3EW, Elstree, Hertfordshire, St Nicholas Close, Suite 1 The Studio
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Dossier

The company is mentioned in the court decision on affirmation of the plea bargain, which states that Fincorp Resources LLP  was part of a criminal organization of the former President Viktor Yanukovych, namely part of the structural unit of this organization named “SEPEK” controlled by Serhiy Kurchenko

Besides that, Prosecutor General’s Office of Ukraine was conducting the investigation within proceedings No. 42014000000000925 of 10 September 2014 initiated upon the alleged illegal enrichment in particularly large scale of the former Head of the National Bank of Ukraine and First Vice-Prime-Minister of Ukraine PERSON_3 (Serhiy Arbuzov) under part 3 of article 368-2 of the Criminal Code of Ukraine. Pre-trial investigation established that Arbuzov, being in the office of the Head of the National Bank of Ukraine during 2010-2013, in 2011 declared total income in the amount of 2, 046,361 UAH. At the same time, PERSON_3 indicated in his declaration that he made deposits within banks of 2,131,582 UAH of unknown origin. During the pre-trial investigation within criminal proceedings No. 42015000000000915 of 18 May 2015 it was established that non-resident companies ReamexInvest S.A. and NeoformUniversal LLP opened accounts in the Latvian bank PrivatBank AS, beneficiary of the companies was Arbuzov from January 2009 to August 2010. Apart from that, PrivatBank AS identified companies that were affiliated with companies ReamexInvest S.A., NeoformUniversal LLP,  however, those accounts were closed. Canyon Capital Inc. is one of those companies. 

In addition to that, according to the information of the Unified State Register of Court Decisions, Prosecutor General’s Office of Ukraine investigates criminal proceedings No. 42015000000000915, which on 18 May 2015 were separated from criminal proceedings No.42014000000000359 of 07. May 2014. The proceedings were initiated upon abuse of office committed by former Head of the National Bank of Ukraine PERSON_3 (Serhiy Arbuzov) during establishment of the TV-channel “Bank Television”. In 2011-2012, this resulted in appropriation of funds of the state budget of Ukraine in the amount of 117,97 million UAH, which constitutes criminal offence, foreseen by part 5 of Article 191 of the Criminal Code of Ukraine. Court decisions state that Serhiy Arbuzov could have been the owner, co-owner and shareholder of a number of companies, including Canyon Capital Inc.. By th decision of 26 June 2015 funds of FINCORP RESOURCES LLP on the account in Latvian AS PrivatBank were seized.

Documents published by Al Jazeera (court decision), have information on credited funds:

- to the account of SABULONG TRADING LTD, during  the period from 25 September 2013 to 18 November 2013, with the purpose of payment “according to loan agreement” from the account of Fincorp Resources LLP in the amount of 95,000,000 USD;

- to the account of AKEMI MANAGEMENT LTD», during the period from 18 July 2013  to 13 November 2013, with a purpose of payment “according to loan agreement” from the account of Fincorp Resources LLP in the amount of 33,000,000 USD;

- to the account of WONDERBLISS LTD, during the period from 06 June 2013 to 18 November 2013, with a purpose of payment “according to loan agreement” from the account of Fincorp Resources LLP in the amount of 95,000,000 USD;

- to the account of KVITEN SOLUTION LIMITED, during the period from 29 May 2013 to 25 September 2013, with a purpose of payment “according to loan agreement” from the account of Fincorp Resources LLP in the amount of 45,000,000 USD;

- to the account of BALEINGATE FINANCE LTD in the period from 20 March 2013 to 25 July 2013 with a purpose of payment “according to loan agreement” from the account of Fincorp Resources LLP in the amount of 44,000,000 USD;

- to the account of FOXTRON NETWORKS LIMITED with a purpose of payment “according to loan agreement” from the account of Fincorp Resources LLP in the amount of 18,310,000 USD. 

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Documents