Sunday, October 14, 2012
'Forbes' accuse Fuel and Energy minister Boyko of serial theft
Yuriy Boyko has been Minister of Energy and the Coal Industry of Ukraine for exactly 30 months.
In a recent article, 'Forbes.ua' allege that during this time, Boyko and companies linked to him, have won contracts from his ministry totalling more than $5.5 billion.
When the state gas company 'Naftohaz Ukrainy' requested tenders for two deep sea drilling platforms their final cost turned out to be $1.4Bn, even though shady 'middlemen' allegedly linked to Boyko paid the rigs' builders only $400m for each one. Much has been written about these 'vyshky Boyka' and the massive 'rake-offs', including by your humble blogger.
But apart from this scandal, Boyko is accused of involvement in four further resonant cases.
The first concerns the 'Yevrotrubplast' trading company. Regional gas companies have allegedly overpaid this company millions of Hryvnya for large diameter pipes. The managing director of the trading company is an old pal of Boyko's. Total loss to the 'oblgas' companies is estimated at 850 million Hryven.
The second concerns the 'Ukrenergomotazh' company which constructs electricity supply networks connecting nuclear and other power stations, and consumers. One of the company's directors runs a fuel trading company - with Boyko's wife. 'Forbes' estimates 'Ukrenergomontazh' have received 3.7 Bn. Hryven 'over the odds' in state contracts.
The third concerns the Cyprus-registered 'Benzol' company which supplies explosives to Ukraine's mines. Once Boyko became minister this company have won the lion's share of all contracts to supply either state coal mines or companies linked to Boyko. Overpayments are estimated at 200m. Hryven.
The fourth concerns payments to 'Truskavetskurort' health recuperation complex which is part-owned by an associate of Boyko's. Ukraine's national insurance agencies, whose management has ties to Boyko, have overpaid 'Truskavetskurort' over 100m Hryven for their services, claim 'Forbes'.
If the president's son can do it, why can't ministers? Yanuk jr. has been registering companies in Switzerland and Holland to minimize payment of taxes when his outfits [for which, according to his dad, he works so hard] export coal abroad.