In about 20 minutes on Aug. 21 the State Property Fund managed to sell off a majority stake in one of the country’s top energy producing companies for less than 15 percent above its starting price – for Hr 718.92 million – to a relative unknown company that was registered just two months ago.

And it seems that once again, a lucrative asset goes to a friend – a former Party of Regions parliament member Ihor Humeniuk, who seems to be the majority owner of the buyer. 

The company said in a statement that he is the majority owner, but in Ukraine you never know who is really hiding behind those ubiquitous offshores.

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