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Automatically translated version. May contain inaccuracies compared to the original.
October, still October and October again: how Holovachov buries Yaroslavsky’s case
✔️In the Kyiv Court of Appeal the consideration of case No.761/28820/23 has effectively stalled, with assets worth tens of millions of dollars at stake. According to available information, the court head Yaroslav Holovachov and the panel of judges involved in this process may be receiving up to 50 thousand dollars monthly for repeatedly postponing hearings while the case materials sit idle. The next hearing is already scheduled for October, and this is far from the first postponement in a case of this scale.
✔️Here’s the essence of the story. Back in 2022 a judge of the Shevchenkivskyi District Court of Kyiv arrested 100 percent of the corporate rights of LLC Kredo Solutions in the framework of case No.761/15397/22, imposing a ban on owning, using, and disposing of these assets. Then on 8 May 2024 the Pecherskyi District Court of Kyiv, by its ruling in case No.761/28820/23, canceled the transfer of those corporate rights to ARMA and handed them over into the custodial care of the injured party in the proceedings, which is LLC Ukrainian Metallurgical Company with EDPRPOU 30513086. The director of that company, and therefore the person who received operational control of the assets, is listed as Oleksandr Sokolenko. According to the National Bank of Ukraine, UMC is part of the DCH group’s orbit, whose ultimate beneficial owner is named as Oleksandr Yaroslavsky. In fact, the assets under dispute ended up under the control of a structure affiliated with one of the best-known Ukrainian businessmen, who is wanted internationally in the investigation of the multimillion-hryvnia fraud around Ukrnafta.
Opposing Yaroslavsky’s side in the proceedings is a camp publicly referred to as the Kuprienko group, which insists that transferring the corporate rights into the custody of the opponents was carried out with gross violations and effectively deprived the former owners of access to the business and cash flows. It is the appeal of the Pecherskyi court’s ruling that the Kyiv Court of Appeal is supposed to resolve, but there has been no substantive movement there for more than a year. Hearings are removed, postponed, panels go on vacation and business trips during the most sensitive weeks for the process, and Holovachov himself, according to Hromadske and Politanaliz, has continued to head the court since 2015 and is serving his fourth consecutive term, although the law allows no more than two three-year terms. His last lawful term expired back in 2021.
✔️Add to this the judge’s personal wealth parameters. Hromadske investigators recorded that Holovachov’s family uses elite real estate in Kyiv and premium-class cars worth about three million dollars, while the family’s declared annual income is about six million hryvnias. With such a gap between official income and actual assets, a scheme of endless postponements of a high-profile case worth tens of millions of dollars ceases to look like an accident and fits into the broader pattern already observed with Holovachov in other high-profile cases, including proceedings against the former head of the MSEC of Khmelnytskyi region, Tetyana Krupa.
✔️We continue to monitor this process, document each postponement, the composition of panels and related financial interests, and in upcoming materials will lay out a full map of beneficiaries, nominal owners and the offshore structure around LLC Kredo Solutions, including the Cypriot companies NFM Investment Limited, Flanders Enterprises Limited and Radolin Trading Limited.
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