Socialist Party of Ukraine leader Illiaa Kyva has applied to court to declare illegal privatization of the Roshen corporation’s Karl Marx Confectionery Plant by incumbent Ukrainian President Petro Poroshenko.
“As head of the Socialist Party, I, understanding the opinions of my fellow party members and the people of Ukraine, am lodging a lawsuit against the illegal privatization of this confectionery plant, which, to my understanding, was stolen from the Ukrainian people,” he told the NewsOne television channel.
Kyva said he was lodging his lawsuit now because hope for a transparent and proper consideration of the case had emerged after the presidential election.
“The plant, which is now called Roshen for some reason, will certainly be returned to the people,” he said.
In 1996, the Karl Marx Confectionery Plant joined the Roshen corporation, which is owned by Poroshenko. In 2014, Poroshenko said that he had handed over his share (85 percent) to the so-called blind trust managed by the Rothschild & Co investment bank for the duration of his presidency. Roshen Director General Vyacheslav Moskalevsky and its four managers own the remaining shares, 13 percent and 0.5 percent each, respectively.
