Court arrests Odesa businesswoman for creating a fictitious company

A court in Odesa has found guilty the founder of a company who submitted documents for state registration of a legal entity with deliberately false information and fined her UAH 136,000.

According to the press service of the Bureau of Economic Security, the woman was also deprived of the right to hold positions related to the performance of organizational, administrative and economic duties at enterprises, institutions, organizations of all forms of ownership for a period of one year.

The woman registered a company specializing in the wholesale trade of grain, seeds and animal feed.

Detectives found that the company's details were used to minimize the tax burden. The agrarian company was used to convert non-cash funds into cash for enterprises in the real sector of the economy.

In turn, the person involved in the criminal proceedings did not perform any functions at the company. All documents were drawn up and signed by other persons whose cases are being investigated in separate criminal proceedings.

The court passed a verdict and found the suspect guilty of committing a criminal offense under Part 2 of Article 205-1 of the Criminal Code of Ukraine (forgery of documents submitted for state registration of a legal entity and individual entrepreneurs).

Meanwhile, the American investment funds Argentem Creek Partners and Innovatus Capital Partners gained control over the Olimpex grain terminal in the port of Odesa.

And in June, the police reported that a criminal group consisting of beneficial owners of non-resident companies and the CEO of a Ukrainian company that controlled the activities of grain transportation companies in the Odesa seaport had entered into a number of loan agreements with a foreign investor secured by grain and lured him.

Кирило Бойко