Yermak on Dynasty cooperative: "Construction of residence unknown to me is not crime"
Former head of the President’s Office Andriy Yermak, who is suspected of money laundering in the construction of the Dynasty cooperative, said he does not believe this constitutes a crime.
He said this in a comment to journalists, Censor.NET reports.
Yermak considers the case against him baseless
He once again rejected the accusations: "The very fact of the construction of some residence unknown to me does not automatically constitute a crime."
According to the former head of the President’s Office, there is no evidence of his involvement in the laundering of money in connection with it.
He also added that he had been ready to post about UAH 10 million in bail for himself, but ultimately did not do so because he went to the pre-trial detention center.
Suspicion against Yermak in the Dynasty case
- As a reminder, on the evening of 11 May, NABU and SAPO served a notice of suspicion on former Head of the Office of the President of Ukraine Andriy Yermak. According to the investigation, more than UAH 460 million was legalised from 2021 to 2025 through a scheme involving the Dynasty cooperative.
- NABU said the participants in the Dynasty project agreed to build four private residences on the land plots for personal use. Each house had an area of about 1,000 square metres, and each was worth about US$2 million. The houses were referred to as R1, R2, R3, and R4. They also agreed to build a shared estate, R0, with a spa area, a swimming pool, and a gym.
- The main part of the construction was financed with funds obtained by criminal means. Persons controlled by Oleksii Chernyshov also created a front company for this purpose, which placed orders.
- After the start of the full-scale invasion, the construction did not stop and even continued more actively. Chernyshov demanded that the builders work faster and in several shifts. Yermak oversaw the construction of his residence.
- After media publications about Dynasty, the owners of the residences tried to remove the land and real estate from possible seizure. However, the High Anti-Corruption Court seized the land plots and five unfinished Dynasty properties. NABU and SAPO also inspected the cottage estate.
-
Commenting on the suspicion, the Office of the President said procedural actions were still ongoing, so it was too early to make any assessments.
-
Yermak’s lawyer, Ihor Fomin, also said the suspicion was unfounded.
- Yermak refused to comment on the suspicion and said he had no houses, only an apartment and a car.
- It is known that the High Anti-Corruption Court has seized the land plots and unfinished Dynasty properties.
- Yermak has linked the notice of suspicion served on him by NABU to "public pressure on law enforcement agencies".
- On May 14, a preventive measure was chosen for Yermak: he was remanded in custody with bail set at UAH 140 million.
- On May 18, Yermak was released from the pre-trial detention center.
