The higly dubious privatization of the biggest manufacturer of railway locomotives in the CIS took place a couple of weeks ago. No-one batted an eyelid.
Yushchenko orders to check privatization of Luhanskteplovoz
Journal Staff Report
President Viktor Yushchenko urged Prosecutor General Oleksandr Medvedko and Security Service of Ukraine (SBU) Acting Head Valentyn Nalyvaichenko to check whether the State Property Fund of Ukraine was obeying the laws of Ukraine in the privatization of Luhanskteplovoz, the major producer of locomotives. The company was apparently sold at below market price to a Russian investor.
The president at his press conference today complained, "Instead of the expected 2 billion hryven, the treasury obtained only 292 million hryven. The invalid, the pensioner, the teacher, the entire nation all received less money."
LEvko thinks that its too late.. the train has already left the station...[sorry]
He went on: "What's going on with Ukrtelekom? Only a [small] part is going to be privatized, not the controlling interest. It is clear that an important investor would go after a controlling interest, but for a small portion, [only] a cheat. The same goes for the Odessa port plant, the obl-gazes, and the energy wholesale domestic market. If nation does not understand that it they that are being robbed in this way, everyone loses, Ukraine loses." said V.Yushchenko.
To find out who the cheat is, check out my February posting on Ukrtelekom here.