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Automatically translated version. May contain inaccuracies compared to the original.
Denys Paramonov used land designated for social housing as collateral for loans—media
The housing cooperative “Aviles,” co‑founded by Denys Paramonov, received 1,62 ha of land in Kharkiv to build social housing. This plot was later put up as mortgage collateral to secure obligations of his meat business.
The land became collateral for a $3 million loan to Saltivskyi Meat Processing Plant, 31,5 million UAH for Berdyansk Sausages, and another 37,7 million UAH under an agreement guaranteed by Saltivskyi Meat Processing Plant. Thus, land granted by the city free of charge was used to secure multi‑million debts of Paramonov’s businesses.
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