Ukraine

Business

Journal

8:26 AM Friday, December 15, 2017
Finance
Ukraine's Reformist Finance Minister Braces for Criminal Probe
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

By Daryna Krasnolutska and Volodymyr Verbyany

KYIV -- Ukraine’s finance minister, who won praise from international creditors and investors for advancing reforms, say he may face a criminal probe as prosecutors seek to scrutinize his tax records.

Oleksandr Danylyuk calls the audit a response to his ministry’s efforts to boost the transparency of value-added tax reimbursements, block corrupt schemes, curb financing for prosecutors and revamp the state fiscal service. The service examined Danylyuk’s tax records between 1998 and 2016, concluding that liabilities were understated while he was resident in the U.K., according to an emailed statement from the Finance Ministry.

Prime Minister Groysman conferred recently with Finance Minister Oleksandr Danylyuk (UNIAN)

“The majority of people understand that this case has no prospects, is artificial and is planned not to win but to hurt my reputation,” Danylyuk said in the statement.

He’s accused some politicians of seeking to block reforms under a $17.5 billion bailout to overhaul the ex-Soviet economy, with many of the measures detrimental to vested interests.

The Prosecutor General Office’s press office couldn’t comment immediately.

We recommend
Six months have passed since Valeriya Gontareva st...
By Bloomberg Nov 03, 2017
--> --> -->