The Ukrainian Presidential Office has refrained from commenting on the recent allegations against Andriy Yermak, the former head of the office, who has been implicated in a money laundering investigation related to luxury real estate development near Kyiv.
On May 11, authorities informed Yermak of the suspicion against him, which involves the alleged legalization of funds amounting to 460 million hryvnias during the construction of elite properties. The National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP) announced the discovery of an organized group believed to be involved in this scheme.
A presidential advisor stated, “As we can see, procedural actions are still ongoing, and it is too early to provide assessments.” Yermak has publicly acknowledged the allegations but has not disclosed further details. Notably, he was not detained following the notification of suspicion.
The investigation reportedly links Yermak to a project initiated in March 2020, when Oleksiy Chernyshov, a former vice-prime minister, became the head of the Ministry for Communities and Territories Development. Shortly thereafter, the concept for the private residence project dubbed “Dynasty” was introduced.
In the summer of 2020, businessman Timur Mindich, referred to in the investigation as “Karlson,” was brought on board to assist with the project, collaborating closely with the chief architect. The inquiry suggests that Yermak, identified in the case as participant R2, was also involved in the project’s development.
Law enforcement officials allege that the scheme aimed to construct four residences for personal use, with codename designations R1, R2, R3, and R4 used to obscure the identities of the actual owners.
Andriy Yermak, former head of Ukraine's Presidential Office, is under suspicion for money laundering linked to a luxury real estate project. The investigation reveals connections to an organized group involved in the alleged legalization of significant funds.