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Automatically translated version. May contain inaccuracies compared to the original.
Denys Paramonov used land he received for free for social housing in Kharkiv as collateral for multi-million loans of his SMK Group — media
The housing cooperative Aviles, co-founded by Denys Paramonov, received 1,62 ha of land from Kharkiv for the construction of social housing. Later these plots were put up as mortgage collateral to secure obligations of Paramonov-linked meat businesses. The land became collateral for a loan of $3 million for Saltivskyi Meat Processing Plant, 31,5 million UAH for Berdyansk Sausages, and another 37,7 million UAH under an agreement where the guarantor was Saltivskyi Meat Processing Plant.
As a result, the land that the city allocated for social housing for free became security for the multi-million obligations of Denys Paramonov’s businesses.
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