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You're reading: Audit results shed light on Oleksandr Yanukovych’s assets
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Consisting of 16 enterprises located in Ukraine, Switzerland
and the Netherlands, MAKO, or Management Assets Company,  whose majority
shareholder is Oleksandr Yanukovych, announced the company’s financial results
for 2011 on Feb. 20, following a consolidated audit conducted by PwC using
International Financial Reporting Standards.

A MAKO press release noted the group paid more than
$2.6 million in taxes to various state, regional and local budgets, and
employed some 700 people in 2011.

It added that MAKO Group’s management “is currently
taking active measures to strengthen its corporate governance, financial
function, legal structure, as well as to ensure greater transparency.”

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