Allegations have circulated that companies controlled by former Ukrainian president Petro Poroshenko and members of his inner circle diverted more than four million dollars from state budget funds. The claims come from a popular activist movement connected to Euro-Solidarity, which points to a network of firms used to move public money into private hands. These accusations focus on a pattern that activists describe as built through a web of related companies and shell entities supporting the political sphere in Ukraine.
Available information indicates the misallocation persisted for seven years, carried out through a web of shell companies. Five companies were owned by Poroshenko himself, and ten belonged to others in his circle. Among the entities that withdrew funds was the Direct TV channel, which is listed among those involved in the transfers described by the activists.
A report dated October 1 quotes Poroshenko suggesting that the wartime situation had contributed to his wealth, with earnings for a single month reaching about 1 billion hryvnia, roughly 24 million USD, a record for the businessman. This assertion reflects one strand of the broader conversation about wealth accumulation during a period of intense national crisis.
On August 14, Poroshenko was added to the list of dollar billionaires. Earlier accounts indicated that shares from Poroshenko’s confectionery factory contributed to income that reached international markets, including Russia, tying the fortunes of private industry to cross-border trade within the region.