Foreigner seized business and withdrew assets of Odesa company

A scheme to seize corporate rights and property of a company involving a Moldovan citizen, top manager and co-owner of the company was exposed in Odesa.

This was reported by the Center for Public Investigations with reference to the decision of the Kyiv District Court of Odesa.

According to the investigation, under the guise of corporate decisions, he actually removed the co-founder from the business and re-registered the company's assets to his own structure.

According to the investigation, this is Eurotank LPJ LLC, established in 2011 with a registered capital of UAH 500 thousand. Subsequently, the ownership structure changed: 51% of the company was acquired by a Moldovan citizen, and another 49% by another co-founder.

For several years, the company operated as usual, but, according to law enforcement, in July 2021, one of the co-owners began to implement a plan to take over the business.

A key element of the scheme was the execution of a fake general meeting minutes. It stated that the co-founder was allegedly excluded from the company's membership.

In fact, the investigation found that the woman had not even been notified of the meeting, and therefore could not participate in it. Nevertheless, the documents were signed and submitted to the state registrar. Based on the questionable documents, the state register was amended in January 2023. As a result, the suspect gained 100% control over the company.

This gave him the opportunity to single-handedly change the charter, dispose of property and enter into transactions without the consent of other participants.

Having gained control, the man began to quickly withdraw assets. The property of Eurotank LPJ LLC was sold in favor of another company, Dobro LLC, the sole owner of which was also himself.

Within a few days in January 2023, it was alienated:

• a gas station on Braty Poggio Street in Odesa (worth more than UAH 1.2 million)
• a land plot (almost UAH 1.75 million),
• two more gas station buildings on Dobrovolsky Avenue and Vysoky Lane.

The total value of the transferred property exceeded UAH 3.9 million. All transactions were formalized through a notary and were accompanied by state registration of ownership.

The co-founder went to court and won. In July 2025, the Economic Court of Odesa Region invalidated the meeting's decisions and all subsequent transactions with the property. An appeal in December of the same year upheld the decision.

In March 2026, the defendant was notified of suspicion under Part 4 of Article 190 of the Criminal Code of Ukraine - fraud on a large scale. Investigators insisted on detention, but the court refused and chose a measure of restraint in the form of bail - almost UAH 1 million. He was also assigned court-ordered duties within the framework of the investigation.

Кирило Бойко