Ukreximbank finds no terrorist financing facts when issuing loan for purchase of Sky Mall.

KYIV. Oct 7 (Interfax-Ukraine) - JSC Ukreximbank did not find any facts of terrorist financing when issuing a loan of $60 million to companies whose beneficiary is a citizen of Ukraine with the status of an internally displaced person, Serhiy Briukhovetsky, acting chairman of the bank's board Serhiy Yermakov said.

"At the time the loan was issued, the borrower, Mr. Briukhovetsky, went through the proper KYC verification procedure, within which the bank did not reveal information that would indicate the existence of criminal cases and proceedings in connection with the fact of holding shares in the company, including registered in uncontrolled territories," he said at a press briefing at the Interfax-Ukraine agency.

For clarification, the bank received the client's consent to disclose information that may constitute banking secrecy, Yermakov added.

According to the bank, as part of the check of the borrower, it was revealed that Briukhovetsky owns the corporate rights of three companies registered in the territory not controlled by Ukraine: Gorspetslift (50%, Horlivka), Dikon LLC (24%, Bakhmut), Spetsremmash LLC (16.6%, Horlivka). He also owned 45% of Eastern Donbas LLC (Horlivka), which ceased operations in 2011.

According to Yermakov, in April 2021 Ukeximbank provided a loan of $60 million to the companies Wholesale Network 2011 LLC and Slavian LLC, the beneficiary of which is Briukhovetsky. The loan was issued for the acquisition of corporate rights and the completion of the transaction for the purchase of the Sky Mall trade center in Kyiv. The total sum of the purchase is $80 million.

Thus, $39 million of the loan was used to refinance the Wholesale Network 2011 loan obligations in two Ukrainian and one European banks. Another $21 million was used to complete the acquisition of Sky Mall. In addition, Briukhovetsky contributed $20 million at the expense of his own funds and the funds of a related company - Sky Finance LLC.

"At the request of the bank, the borrower provided the conclusions of professional lawyers, including the British, registered with the Solicitors Regulation Authority, on the settlement of corporate conflicts and lawsuits ... The availability of an arbitration award in the case of Estonian businessman Teder Hillar did not jeopardize the borrowers' ownership of Sky Mall," Yermakov said.

According to him, the entire complex of structures and the parking space of the Sky Mall shopping center are pledged on the loan. In addition, the bank received a guarantee from Briukhovetsky.

Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

Related news

Ukroboronprom increases production by 27.4% for nine months of 2021

KYIV. Oct 13 (Interfax-Ukraine) - The volume of production by the enterprises of the state concern Ukroboronprom in January-September 2021 amounted to UAH 26.9 billion, which is UAH 5.8 billion, or 27.4% more compared to the same period in 2020, C...

Interfax-Ukraine

Tory MP Sir David Amess dies after being stabbed several times.

Tory MP Sir David Amess dies after being stabbed several times.

TORY MP Sir David Amess has tragically died today after being stabbed multiple times at his constituency surgery in Essex. Armed cops swooped on the church in Leigh-on-Sea after the 69-year-old, who represents Southend West in Essex, was attacked ...

Border agents seize 50 pounds of fentanyl in Arizona.

Border agents seize 50 pounds of fentanyl in Arizona.

Cochise County, Arizona, Sheriff Mark Dannels says 10,000 pounds of fentanyl have been seized at the border this fiscal year. He says 'willful neglect' from the Biden administration is causing the crisis. Subscribe to Fox News! Watch more Fox News...

Morning News NOW Full Broadcast - Oct. 15

Morning News NOW Full Broadcast - Oct. 15

Former President Bill Clinton has been hospitalized for a non-Covid-19-related infection. An FDA panel has recommended a third dose of the Moderna coronavirus vaccine in emergency use cases. » Subscribe to NBC News: » Watch more NBC video: NBC New...

Live: Live outside scene where Sir David Amess was stabbed to death.

Live: Live outside scene where Sir David Amess was stabbed to death.

Live shot outside the Belfairs Methodist Church where British Conservative lawmaker David Amess was stabbed to death by a man who attacked him at a meeting with voters. Police said a man had been arrested after the stabbing and they were not looki...

Texas school administrator told teachers to present different perspectives of the Holocaust.

Texas school administrator told teachers to present different perspectives of the Holocaust.

A Texas school district superintendent is apologizing for a school administrator's instructing that an opposing perspective of the Holocaust needs to be taught. Author Lois Lowry, who wrote "Number the Stars" about a young Jewish girl fleeing Denm...

MP killed: 'Hearts are full of shock and sadness' - Boris Johnson.

MP killed: 'Hearts are full of shock and sadness' - Boris Johnson.

Prime Minster Boris Johnson gives his reaction following the killing of Conservative MP Sir David Amess. SUBSCRIBE to our YouTube channel for more videos: Follow us on Twitter: Like us on Facebook: Follow us on Instagram: For more content go to an...