A well-known capital developer, owner of Saga Development, Andrey Vavrish, uses companies that were featured in the Panama Papers leak, known as Panamagate.
This was revealed thanks to connections between dozens of companies, including those leading to odious officials from the time of fugitive President Viktor Yanukovych.
In 2016, one of the largest leaks of information on an offshore jurisdiction occurred, known as the Panama Papers or Panama Dossier. Then, more than 11 thousand documents from the international law firm Mossack Fonseca were leaked. Among them were secret data on high-ranking officials and famous people from more than 50 countries. And Ukraine is no exception. Eight years have passed, and the Panama Papers continue to shed light on how businessmen hide their income in offshore zones, often using so-called laundromat companies for this. Developer Andrey Vavrysh was also caught in this.
According to official data from Ukrainian registers, 100% of the shares of Vavrysh’s company, Saga Development LLC, are owned by Trevor business SA, registered in Panama. The list of directors, secretaries and signatories of the company is quite long. But they are all united by the leaked documents of Mossack Fonseca and a history leading to odious Ukrainian personalities.
The signatory of Vavrysh’s "offshore" is Fernando Enrique Montero de Gracia. His name was mentioned in the "Panama Papers" and leads to the company Woodperry ventures LTD, registered in the British Virgin Islands. At the same time, the documents note that the company is connected with Ukraine. In particular, one of its beneficiaries was Ukrainian Yuri Chekalsky. This name should be remembered, because it will be mentioned again in this material.
The intermediary company for Woodperry ventures LTD is KAC LIMITED, which is linked to Ukraine. This is one of the most important companies in this investigation, since dozens of other companies are linked to it.
KAC LIMITED is linked to 38 more offshore companies. Among them, the most important in terms of links to Ukraine are three companies registered in the British Virgin Islands - Black swan capital partners limited (founded by Ian Taylor and Kirill Bychkov), Lichmere investments corp. (Among the founders are Angelique Elizabeth Lilley and Zsolt Adam Vajgel) and Аliada ventures ltd. (founders Carlos Alberto Weand Ortiz and Ekaterina Chekalskaya). The founder
of the latter, Carlos Ortiz, is also the president and director of the Panamanian offshore company of Andrey Vavrysh, Trevor business SA.
According to Ukrainian registers, since 1999, the LLC “Audit firm “Kyiv audit service” has been operating in Kiev, whose English name completely coincides with the one mentioned in the Panamanian registers – KAC LIMITED.
Its permanent head is Volodymyr Garkusha. A man with the same name worked in at least three companies associated with the former Minister of Education and Science Dmytro Tabachnyk. The former official is the most odious figure of the times of the fugitive President Yanukovych, who has long lived in Russia, and after the full-scale invasion of the Kremlin regime into Ukraine, he even oversaw the seizure of Ukrainian territories. The connection between Garkusha and Tabachnyk can be traced, in particular, through the company Technologies and Consulting LLC, among the founders of which was the brother of the former minister, Mikhail.
In December 2023, journalists from Toronto Television gained access to the correspondence of Dmytro Tabachnyk in the Telegram messenger. Among hundreds of messages, there is communication between the ex-minister and MP Nestor Shufrich, now suspected of treason. It is dated November 2022. That is, 9 months after the full-scale invasion of the Russian Federation into Ukraine.
Shufrich is an indirect business partner of the developer Andrey Vavrysh in the Kyiv River Station and the Rybalsky residential complex.
Among the owners of large blocks of shares of Technologies and Consulting LLC, associated with Tabachnyk, one can see the British Bromley Holdings Limited.
This company operated from 2004 to 2016. Its founders were, in particular, the aforementioned Hungarian Zsolt Adam Vajgel and the Filipino King Howard Enriquez Cordero. The latter led journalists to another odious "regional" and pro-Russian politician Yuriy Boyko.
Philippine citizen King Howard Enriquez Cordero manages or managed more than a hundred companies mentioned in the Panama Papers. Among them, five currently active ones are important in the context of Ukraine.
- Kendal Investments Limited, registered in Watford, UK. Among its founders we see Cristin Guevara Salazar, who is the director of the Panamanian offshore company of Andriy Vavrysh. Rachel Emy Erickson also deserves attention.
- Houlton resources limited, in which among the managers there were people with Ukrainian names: Sergey Pilyugin, Oleh Smogolyuk and Andriy Skatinsky. As of March 2023, the company registered current assets in the amount of 1 million 251 thousand pounds sterling.
- Persey shipping ltd., among the managers of which we see the director of the Panamanian company of Vavrysh - Salazar, as well as the above-mentioned Filipino Cordero and a woman from New Zealand Erickson. The director of the company is listed as a Russian citizen Elena Klimova, and the secretary is Elena Turevich. The latter, together with Sergey Turevich, owns a British consulting company that has a Russian-language version of the site with a Kiev contact phone number.
- S-profit LTD, which is headed by Ukrainian Artem Zabora. The company is known for being a front for arms supplies from Ukraine in 2014. The ends led to the former Minister of Defense, traitor to Ukraine Pavel Lebedev.
- Duglas alliance LTD, which has been registered in London since 2009. This company is the most interesting, because in 2011 it won a contract from the government of Equatorial Guinea for the construction of the Sendje hydroelectric power station. One of its directors is Ukrainian Yuriy Potiyko. He is a former deputy from the Party of Regions in the Kiev Regional Council and a political consultant to pro-Russian deputy Yuriy Boyko. The hydroelectric power station project was directly supervised by Boyko and its construction dragged on for ten years.
The list of all these numerous companies in the context of Andrey Vavrysh is important, because they suggest that the developer is actively using so-called offshore laundromat companies to withdraw funds. The fact is that the aforementioned New Zealanders Ian Taylor and Rachel Amy Erickson are connected through a chain of companies to the Panamanian offshore company of the Ukrainian developer - they are a husband and wife involved in many money laundering scandals. Their partner is often the aforementioned King Howard Enriquez Cordero.
In 2013, these three participated in the raider takeover of the Ukrainian TV channel TVi. They were the ones who helped register the companies to which the shares of the then opposition channel were transferred. The organization of world investigative journalists suspected Ian Taylor of using his services for Latin American drug cartels and mafia groups.
Many years have passed since then, but as we can see, the "laundromat" continues to operate actively and now its services are indirectly used by the owner of the construction company Saga Development Andrey Vavrysh through the Panamanian company Trevor business SA. Considering the latest materials about his activities and the effectively frozen construction projects, it is quite possible that offshore friends are helping Vavrysh actively withdraw funds from Ukraine.
