9264 visitors online
1 095 4

Previous financing plan for "Dynasty" included $8.5 million.

Funds for the construction of Dynasty: how much did they plan to spend?

Initially, the plan was to spend $8.5 million on the construction of the "Dynasty" housing cooperative.

Journalist Tetyana Nikolaienko writes about this in the article "How 'Dynasty' Was Built: Land at Half Price, Sand from a Cemetery, and Two-Shift Work," as reported by Censor.NET.

What is known?

According to the author, the land acquired for the construction of "Dynasty" was transferred to the management of the "Sunny Beach" cooperative.

It was subsequently transferred to "Aktiv Technology" for construction.

"On the computer seized from one of the representatives of 'Sunny Beach,' Nikolayenko, detectives found a preliminary financing plan that called for $8,524,548," she said.

династія

For more details, read the article "How 'Dynasty' Was Built: Land at Half Price, Sand from a Cemetery, and Two-Shift Work" at this link.

Yermak is a suspect in the "Dynasty" case

  • As a reminder, on the evening of May 11, NABU and the SAPO announced that they had placed Andriy Yermak, the former head of the Office of the President of Ukraine, under investigation. According to the investigation, between 2021 and 2025, over 460 million hryvnias were laundered through a scheme involving the "Dynasty" cooperative.
  • The NABU reported that the participants in the "Dynasty Project" agreed to build four private residences on the plots for their personal use. Each house had an area of approximately 1,000 square meters, and the cost of a single house was about $2 million. These houses were designated R1, R2, R3, and R4. They also agreed to build a shared estate, R0, featuring a spa area, a swimming pool, and a gym.
  • The bulk of the construction was financed with funds obtained through criminal means. To this end, individuals under the control of Oleksiy Chernyshov also set up a front company to place the orders.

  • After the full-scale invasion began, construction did not stop but actually picked up pace. Chernyshov demanded that the builders work faster and operate in multiple shifts. Yermak oversaw the construction of his residence.

  • Following media reports about "Dynasty," the owners of the residences attempted to remove the land and real estate from potential seizure. However, the High Anti-Corruption Court placed a seizure order on the land plots and five unfinished "Dynasty" properties. Additionally, NABU and the SAPO conducted an inspection of the cottage community.

  • The Office of the President, commenting on the allegations, stated that legal proceedings are still ongoing, so it is too early to make any assessments at this time.
  • Yermak's attorney, Igor Fomin, also stated that the suspicion was unfounded.
  • Yermak declined to comment on the allegations and noted that he owns no houses, only an apartment and a car.
  • It is known that the High Anti-Corruption Court seized the land plots and unfinished properties belonging to "Dynasty."
  • Yermak attributes the notice of suspicion he received from NABU to "public pressure on law enforcement agencies."
  • On May 14, Yermak was subjected to a preventive measure—he was taken into custody with bail set at 140 million hryvnia.
  • On May 18, Yermak was released from pretrial detention.