With former President Viktor Yanukoych and most of his cronies on the run, the full extent to which they have looted Ukraine is now coming to light as activists and journalists sift through documents abandoned in the haste of flight. Document scraps recovered by bne point to a billion-dollar fraud masterminded by one of Yanukvych's closest allies, which is giving rise to concerns that the financial position of Ukraine could be even worse than pessimists predict.
EuroMaidan Revolution
Business New Europe: Paper trail leads to massive corruption at heart of Ukrainian banking
Serhiy Kurchenko (middle) and Energy Minister Eduard Stavytsky (right) participate in a symbolic March 29 launch of the Odessa Oil Refinery, one of Kurchenko's latest acquisitions.
