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Kostyantyn Zhevago

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In this name that follows Eastern Slavic naming customs, the patronymic is Valentynovych and the family name is Zhevago.

Kostyantyn Valentynovych Zhevago (Ukrainian: Костянтин Валентинович Жеваго, Russian: Константин Валентинович Жеваго; born 7 January 1974) is a Ukrainian billionaire entrepreneur. He was the first Eastern European to present one of his companies — Ferrexpo to the London Stock Exchange. Zhevago controls the "Finances and Credit" group — one of largest[citation needed] conglomerates of Ukraine; holds a post of FC Vorskla honorary president. He was a member of the Verkhovna Rada (parliament of Ukraine) from 1998 until 2019.[4]

Kostyantyn Zhevago
Костянтин Жеваго
People's Deputy of Ukraine
In office
March 1998 – 29 August 2019
Preceded by
Succeeded by
Constituency
Personal details
Born (1974-01-07) 7 January 1974 (age 50)
Iultin, Russian SFSR, Soviet Union (now Russian Federation)
Political partyIndependent[1]
Other political
affiliations		Yulia Tymoshenko Bloc (2006-2012)[2]
SpouseAlina
Childrenson Ivan and daughter Sofiya
Residence(s)Kyiv, Ukraine[3]
Alma materKyiv National Economic University
Websitehttp://rada.gov.ua

Early life and career

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Kostyantyn Valentynovych Zhevago was born on 7 January 1974 in the village of Iultin, in Russia's far eastern Magadan Oblast, into the family of a mining engineer.

In 1991, Zhevago entered the Kyiv National Economic University, specialising in accounting and analysis of external economic activity. In 1996, he graduated with a master's degree in economics, and in 2003 he defended his candidate's dissertation on "International investments and effective economic development" at the Kyiv National Economic University.

Business

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While studying, Zhevago began a career in the position of "Finance and Credit" chief financial officer (Ukrainian: ЗАТ "Фінанси та Кредит", Russian: ЗАО "Финансы и Кредит"), holding this post from 1993 to 1996. From 1996 to 1998 he holds posts of "Finances and Credit" president, public corporation "Poltava ore-dressing and processing enterprise" (Ukrainian: ВАТ «Полтавський ГЗК», Russian: ОАО «Полтавский ГОК») council deputy and is member of public corporation "Ukrnafta" (Ukrainian: ВАТ «Укрна́фта», Russian: ОАО «Укрна́фта») supervisory board.

Kostyantin Zhevago, 35-year-old investor, was the first of the Ukrainian multimillionaires to present one of his companies — Ferrexpo to the London Stock Exchange. In autumn 2007 Ferrexpo was added to the FTSE 250 Index.

Forbes magazine named Kostyantin Zhevago the youngest billionaire in Europe, who made his fortune by himself.[5] His bank "Finances and Credit" was one of the TOP-10 largest Ukrainian banks with hundreds of branches across Ukraine. He controls developed and successful enterprises in mining and metallurgical, shipbuilding, engineering, heavy car production, pharmacology and food industries in Ukraine and countries of Western Europe and Middle East. Owns the football team of Ukrainian Premier League FC Vorskla Poltava.

Political activity

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In Ukraine, Zhevago is active in politics. In March 1998, he was first elected as a People's Deputy of Ukraine from Ukraine's 149th electoral district, located in Poltava Oblast.[6] June 1998 — Zhevago Kostyantin is a member of parliament committee of questions of economic policy, state economy management, property and investments. In April 2002, he was re-elected, this time in Ukraine's 150th electoral district (also in Poltava Oblast]].[7] From June 2002, he was a member of the Verkhovna Rada Legal Committee and a member of the Verkhovna Rada (parliament of Ukraine)'s permanent delegation in PACE.

From May 2006 to April 2007, Zhevago was a People's Deputy of Ukraine from the Yulia Tymoshenko Bloc.[8][9] In 2007, Zhevago was re-elected as a People's Deputy of Ukraine from the Yulia Tymoshenko Bloc.[10] Leader of deputy group of inter-parliamentary connections with Japan. He missed all 51 parliament sessions in 2010.[11]

Zhevago returned to the Verkhovna Rada once again after the 2012 Ukrainian parliamentary election, winning with more than 60% as an independent candidate in the re-established 150th district. The successors of the Yulia Tymoshenko Bloc, Batkivshchyna, did not have its own candidate in this district.[12] Zhevago did not join a faction in the Verkhovna Rada.[1]

In the 2014 Ukrainian parliamentary election Zhevago was re-elected into parliament again as an independent in the 150th district, this time with 43.81% of the votes.[13] He again did not join a faction.[14]

In the 2019 Ukrainian parliamentary election, Zhevago failed to regain his seat, concluding his twenty-one year career as a People's Deputy. He lost the election in the 150th district with 24.9% of the vote.[15] The winning candidate was Oleksiy Movchan from the Servant of the People party, who won with 41% of the vote.[15]

Controlled assets

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"Finances and Credit" group is to one of the largest Ukrainian conglomerates. It includes enterprises in the fields of metallurgy, ferrous deposits and ferromagnetic ore, engineering, transport, pharmaceutics, shipbuilding, energetics.

"Finances and Credit" bank was founded in 1990 and by the size of assets it was considered one of the largest banks of Ukraine according to classification of National Bank of Ukraine. By 1 April 2009 the authorized capital stock of the bank made ₴2 billion, net wealth made ₴18,316 billion, bank liabilities — ₴15,840 billion. The loan portfolio made ₴15,880 billion, loan portfolio of natural person — bank clients — ₴5,983 billion. By 1 April 2009 the bank system included 16 branches and 326 departments in all areas of Ukraine. The basic shareholders of "Finances and Credit" bank on 01.04.2009 were the close corporation "F&C Realty" (46.67%), LTD "Askaniya" (48.88%) and the state-run Naftogaz (0.63%). According to the Ukrainian Bank Association data, by 1 April 2009 the bank occupied the 13th place among 162 operating in the country.[16] On 17 December 2016 the National Bank of Ukraine withdrew the banking license of Finance and Credit and liquidated the bank.[17]

"Finances and Credit" group companies

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  • Insurance and finances

«Omega» insurance company

  • Real estate

Joint-stock company «F&C Realty», Hotel «Salute» Kyiv, Terminal in the seaport "Southern" (Odesa), Institute «Kyivsoyuzdorproekt»

  • Energetics

Joint-stock company “Biloterkovna teploelektrotsentral”, Ukrenerhosbyt, Odesaoblenerho, Ukrainian-German «Mega-motors», Luhanskoblenerho

  • Chemistry

Joint-stock company «Rosava», joint-stock company “Kremenchuk factory of technical carbon”, Stakhanov factory of technical carbon, LTD. “Ukrtekhuglerod”, Zatisnyansk chemical factory

  • Engineering

AvtoKrAZ, Uzhhorod «Turbogaz», Kharkiv instrumental factory, Stakhanov carriage works, Berdychiv machine-shop «Progress», Poltava machine unit factory

  • Shipbuilding

Zaliv Shipbuilding yard, “Kyiv shipbuilding and reconstruction factory”

  • Metallurgy and Resources

Poltava GOK (iron-stone, pellet), Skopski Legury (ferro-alloys), Ferreekspo (Switzerland), Electrometallurgical plant «Vorskla Steel» (in the process of building), Electrometallurgical factory «Vorskla steel Denmark»

  • Pharmacology

Joint-stock companies “Kyivmedpreparat”, “Gemoplast”, “Halychfarm”.

  • Food industry

Private Joint-stock Company Kremenchukmyaso[18]

Wealth

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According to Forbes, he is Ukraine's youngest billionaire.[19] In March 2012 Forbes placed him on the Forbes list of billionaires at the 719th place with $1.8 billion.[20]

In August 2022, he acquired the Hôtel de Jarnac, a $39 million mansion in Paris that was originally built at the end of the 18th century for a contractor of the king's buildings.[21]

Criminal proceedings

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In September 2019, criminal proceedings were opened against Zhevago regarding his possible involvement in embezzlement of ₴2.5 billion. The State Bureau of Investigation summoned Konstantin for questioning on 27 September 2019. According to the inspection data of the Individual Deposit Guarantee Fund [uk], Zhevago and another top manager of the Finance and Credit bank issued several deliberately bad loans in the amount of almost ₴5 billion in order to get hold of the money.[22]

According to the investigation, in 2007-2014, the offshore company opened several credit lines in foreign banks. Pledge agreements in the amount of $113 million were concluded between the Finance and Credit bank and foreign banks. The Ukrainian bank vouched for the offshore company with its own funds on accounts in foreign creditor banks. In 2015, foreign banks charged $113 million from the accounts of the Finance and Credit bank for non-fulfillment of obligations by the offshore company under contracts. The collateral was written off when the bank Finance and Credit was declared insolvent.[23]

After 3.5 years of trial, on 2 October 2019, the Shevchenko Court of Kyiv ordered to collect ₴1.5 billion from Zhevago in favor of the National Bank of Ukraine. The decision explains that Kostyantyn did not want to fulfill his obligations under the surety agreement to repay the bank's refinancing loans.[24]

On 3 December, Zhevago was declared an international wanted man and permission was granted for his detention.[25] On 13 December, the Kyiv Court of Appeal returned Zhevago's appeal without consideration due to non-payment of the court fee within the specified time frame, after which the court's decision on compulsory collection entered into force.[26]

On 26 December of the same year, forced collection of ₴1.54 billion began.[27]

On 15 July 2021, Interpol placed Zhevago on an international wanted list in the case of embezzlement of $113 million.[28][29]

On 27 or 28 December 2022, Zhevago was arrested in Courchevel, France at the request of Ukraine's State Bureau of Investigation. Assets belonging to Zhevago have also been seized, including assets of Ferrexpo. The investigation relates to Finance and Credit bank.[30][31][32][33]

On 29 December 2022, the French court of Chambéry ordered the extradition arrest of Zhevago, he was notified of the suspicion of committing criminal offenses provided for in Part 3 of Art. 27, Part 5 of Art. 191, Part 3 of Art. 209 of the Criminal Code of Ukraine. Some top managers of the Bank "Finance and Credit" are also suspected.[34]

In January 2023 the court case began relating to the alleged fraud of Hr.46 billion ($1.25 billion) of depositors’ money held by Finance and Credit, owned by Zhevago, which collapsed in 2016. Companies linked to Zhevago having borrowed large sums from Finance and Credit shortly before its collapse.[35]

Zhevago has been named as the party who allegedly bribed the President of the Ukraine Supreme Court Vsevolod Kniaziev in 2023.[36]

On 10 November 2023, the Court of Cassation (the Supreme Court of France) ruled that Zhevago should not be extradited to Ukraine.[37] The court verdict read: "the applicant state (Ukraine) is unable to guarantee that Mr. Zhevago will be tried by a court that can provide basic procedural guarantees and protection of defense rights."[37]

See also

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References

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  1. ^ a b (in Ukrainian) National deputies of Ukraine:Kostyantin Zhevago, Verkhovna Rada
  2. ^ (in Ukrainian)Yulia Tymoshenko Bloc election list #62 Archived 2011-06-07 at the Wayback Machine, Central Election Commission of Ukraine
  3. ^ Biography Archived 2009-11-06 at the Wayback Machine, Ukrainian Parliament
  4. ^ "Zhevaho declared wanted in Ukraine, placing on intl wanted list being prepared – SBI director". Interfax-Ukraine. Retrieved 17 May 2023.
  5. ^ "Europe's Youngest Billionaires". Forbes. Retrieved 17 May 2023.
  6. ^ "Народні Депутати України 3-го скликання (1998-2002)". gska2.rada.gov.ua. Retrieved 17 May 2023.
  7. ^ "Народні Депутати України 4-го скликання (2002-2006)". gska2.rada.gov.ua. Retrieved 17 May 2023.
  8. ^ "Народні Депутати України 5-го скликання (2006-2007)". gska2.rada.gov.ua. Retrieved 17 May 2023.
  9. ^ Kostyantin Valentynovych Zhevago, Bloomberg L.P. (2009)
  10. ^ "Чисельність народних депутатів України". gska2.rada.gov.ua. Archived from the original on 16 July 2010. Retrieved 15 May 2009.
  11. ^ #5 Richest: Kostyantyn Zhevago, 36, Kyiv Post (December 17, 2010)
  12. ^ (in Ukrainian)Полтавська область. Одномандатний виборчий округ №150 Poltava region. The single-mandate constituency № 150 Archived 2012-10-31 at the Wayback Machine, Central Election Commission of Ukraine
  13. ^ (in Ukrainian) Candidates and winners for the seat of the constituency 150 in the 2014 Ukrainian parliamentary election Archived 2014-12-10 at the Wayback Machine, RBK Ukraine
  14. ^ (in Ukrainian) National deputies of Ukraine:Kostyantin Zhevago, Verkhovna Rada
  15. ^ a b "Мільярдер Жеваго втрачає мандат після 21 року в Раді". ukr.lb.ua. 22 July 2019.
  16. ^ "Активи та зобов'язання на 01.04.2009 р." www.aub.com.ua. Retrieved 17 May 2023.[permanent dead link‍]
  17. ^ NBU decides to liquidate bank Finance and Credit, Interfax-Ukraine (18 December 2015)
  18. ^ "Группа "Финансы и кредит" at baza.proua.com". Archived from the original on 16 April 2009. Retrieved 15 May 2009.
  19. ^ "Forbes List Directory". Forbes. Retrieved 17 May 2023.
  20. ^ Eight Ukrainians make Forbes magazine's list of world billionaires, Kyiv Post (8 March 2012
  21. ^ Bensoussan, David (28 April 2023). "Un milliardaire ukrainien, recherché par Kiev, se paye un hôtel particulier à Paris". Challenges (in French). Retrieved 28 April 2023.
  22. ^ "Жеваго викликали на допит в ДБР". РБК-Украина (in Russian). Archived from the original on 23 September 2019. Retrieved 23 September 2019.
  23. ^ "Жеваго оголосили підозру у розтратах в банку "Фінанси та кредит"". РБК-Украина (in Russian). Archived from the original on 27 September 2019. Retrieved 27 September 2019.
  24. ^ "Суд стягнув з Жеваго 1,5 млрд грн на користь НБУ". РБК-Украина (in Russian). Archived from the original on 26 October 2019. Retrieved 2 October 2019.
  25. ^ "Суд дозволив арештувати Жеваго". РБК-Украина (in Russian). Archived from the original on 4 December 2019. Retrieved 4 December 2019.
  26. ^ "НБУ почав примусове стягнення 1,5 млрд грн з Жеваго". РБК-Украина (in Russian). Archived from the original on 26 December 2019. Retrieved 26 December 2019.
  27. ^ "Нацбанк почав примусове стягнення з Жеваго 1,5 мільярда" (in Ukrainian). Archived from the original on 26 December 2019. Retrieved 26 December 2019.
  28. ^ "Колишнього народного депутата оголошено в міжнародний розшук - Державне бюро розслідувань" (in Ukrainian). Ukraine State Bureau of Investigation. 15 July 2021. Archived from the original on 15 July 2021. Retrieved 15 July 2021.
  29. ^ "Інтерпол оголосив Жеваго в міжнародний розшук". РБК-Украина (in Russian). Archived from the original on 15 July 2021. Retrieved 15 July 2021.
  30. ^ "Former Ukrainian MP Zhevago detained in Courchevel - SBI". Ukrinform. Retrieved 28 December 2022.
  31. ^ Свобода, Радіо (28 December 2022). "У Франції затримали колишнього депутата Костянтина Жеваго – ДБР". Radio Free Europe/Radio Liberty (in Ukrainian). Retrieved 28 December 2022.
  32. ^ "За запитом ДБР Костянтина Жеваго затримано у Куршевелі, готуються документи для екстрадиції - Державне бюро розслідувань" (in Ukrainian). Ukraine State Bureau of Investigation. 28 December 2022. Retrieved 20 May 2023.
  33. ^ "Екс-депутата та бізнесмена Жеваго затримали у Франції". РБК-Украина (in Ukrainian). Retrieved 28 December 2022.
  34. ^ "Суд у Франції ухвалив рішення про екстрадиційний арешт Жеваго". Interfax-Ukraine (in Ukrainian). Retrieved 29 December 2022.
  35. ^ "EXCLUSIVE: Zhevago's Schemes Revealed - A Kyiv Post Investigation". Kyiv Post. 1 February 2023.
  36. ^ "Bail Set for President of Supreme Court Arrested on Bribery Charges". Kyiv Post. 19 May 2023.
  37. ^ a b "The court in France finally refused to extradite the oligarch Zhevago to Ukraine". Ekonomichna Pravda. 10 November 2023. Retrieved 10 November 2023.
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