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Automatically translated version. May contain inaccuracies compared to the original.
⁉️ More than half a million euros in cash: a Hungarian account of the woman linked to former military commissar Borisov, and the trail of defense supplies
Back in April 2023 I exposed the massive enrichment of the then head of the Odesa Regional Territorial Recruitment Center, Yevhen Borisov, and his family during the full-scale war. At that time I published documents and data about the military commissar’s family’s luxury real estate in Marbella, Spain — specifically a villa worth nearly 4 million euros and an office valued at about 2 million euros; I also reported the purchase of a Mercedes-Benz G63 AMG worth more than 10 million hryvnias. The villa was registered to Borisov’s mother; the office and the car were registered to his wife.
After my publications the story gained wide publicity, and later law enforcement took an interest in the Borisov family. The National Agency on Corruption Prevention (NACP) reported signs of illegal enrichment totaling 188 million hryvnias, the State Bureau of Investigation (SBI) detained the former military commissar, the family’s property and accounts were seized, and the villa and office in Spain were also frozen.
More than three years have passed since then. Borisov became a subject of several criminal proceedings, went through pretrial detention, faced multi-million bail amounts, and numerous court hearings. Eventually he was released on bail, and his cases continued to be heard in court.
📌 Now in this story I managed to trace another interesting financial trail — a Hungarian account belonging to Yuliia Sydorenko, who is linked to Yevhen Borisov (she was likely his mistress), hundreds of thousands of euros, Hungarian and Montenegrin banks, and a company that worked with a Ukrainian state defense enterprise.
In March 2023 Yuliia Sydorenko opened a personal euro account at Hungary’s OTP Bank. Between 23 and 31 March 2023, several transfers totaling 404 230 euros were credited to that account. The sender was the Hungarian company ZALANDO SYSTEM KFT (registration number 13-09-216969). The funds were routed from its account at Adriatic Bank AD Podgorica in Montenegro.
In the payment references ZALANDO SYSTEM KFT indicated: “Payment under contract No. 2312-05 dated 23 December 2022.” At the same time, it is not precisely known how much money in total was held in Sydorenko’s account or what other banking operations took place through it prior to its blocking.
An important detail: the same Montenegrin Adriatic Bank held accounts not only for ZALANDO SYSTEM KFT, but also for Cross Trade Group Kft. — a Hungarian company that appears in the record of assets and income linked to Yevhen Borisov’s family.
The company that paid Sydorenko deserves separate attention. According to commercial customs databases, on 25 May 2022 the Hungarian ZALANDO SYSTEM KFT delivered goods for the Ukrainian state defense enterprise “Spetstechnoexport” — a subsidiary of the state company Ukrspecexport.
Accordingly, a chain emerges: the Hungarian ZALANDO SYSTEM KFT supplied goods for the Ukrainian state defense enterprise, and in March 2023 funds of more than 404 thousand euros were transferred from its account at the Montenegrin bank to Yuliia Sydorenko’s personal account in Hungary.
Spetstechnoexport itself has for years appeared in a number of investigations by the National Anti-Corruption Bureau (NABU), the Specialized Anti-Corruption Prosecutor’s Office (SAPO), the State Bureau of Investigation, and the Security Service of Ukraine (SBU). One of the best-known cases related to the siphoning of about 55 million dollars through foreign companies under the guise of payment for agency services under a contract with India for the repair of An-32 aircraft. Former managers of Spetstechnoexport, including Pavlo Barbul and Vladyslav Belbas, were involved in the case. According to investigators, foreign entities received funds for services that were not actually provided. The case reached the High Anti-Corruption Court.
Separate investigations concerned the full-scale war period and arms procurement abroad in 2022–2023 years. They involved billion-hryvnia prepayments, cancellations of certain contracts, foreign intermediaries, and deliveries of military products through European companies. ⤵️⤵️
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