The West Is Enabling Graft in Ukraine
Here in Ukraine, one revelation from the Panama Papers has attracted more attention than any other: In August 2014, when Ukrainian soldiers were trapped under artillery bombardments during the battle of Ilovaisk, President Petro Poroshenko, a candy magnate, was setting up a corporate vehicle in the British Virgin Islands. While young men were dying to defend Ukraine, their commander-in-chief was looking for ways to deny Ukraine taxes from his own business empire.
But the Mossack Fonseca files have an even bigger story to tell: Generations of Ukrainian politicians, dating back to the earliest days of independence, have kept assets offshore. In 1998 — around the time some of the soldiers killed in Ilovaisk were probably starting school — the company was already suspected of arranging the affairs of Ukrainian politicians.… Seguir leyendo »