Billions in State Contracts, Private Companies, and Shadow Income: How Yurii Holyk Profited from the “Great Construction”

Billions in State Contracts, Private Companies, and Shadow Income: How Yurii Holyk Profited from the “Great Construction”

Yurii Holyk, who calls himself a project consultant to Deputy Head of the Presidential Office Kyrylo Tymoshenko’s “Great Construction,” hides his income from the tax authority and the National Agency on Corruption Prevention (NACP).

In particular, the media closely link Yurii Holyk to the road construction company Bud Invest Engineering. The company was established in the city of Dnipro in 2015. The company’s authorized capital, which specializes in road construction, is just over one million hryvnias. Overall, Bud Invest Engineering won 334 public procurements worth 22,28 billion hryvnias.

Officially the company’s director is Dmytro Litnarovych, and the beneficial owners are Yana Khlanta, Pavlo Chukhno, and Dmytro Litnarovych.

In 2015–2019 he worked as an external adviser to the head of the regional state administration. He was responsible for forming infrastructure and budget policy, conducting personnel audits of the regional administration staff, implementing project management, and also the ProZorro and iGov systems.

It is possible that because of this, the most contracts for Bud Invest Engineering were signed with the Road Service in the Dnipropetrovsk region — for 13,02 billion hryvnias — and with the Department of Housing and Communal Services and Construction of the Dnipropetrovsk Regional State Administration — for 8,87 billion hryvnias.

According to the register of legal entities, Yurii Holyk is the beneficial owner of LLC Modern Media Technologies, whose authorized capital is 54,4 million hryvnias.

He also owns the advertising agency LLC Bezplatka Print, registered in Dnipro, part of the company LLC Kreatyvna Kraina, and part of the IT company KSh Services together with Illia Kenigshteyn.

Yurii Holyk is actively involved in publishing books. Most recently a series of books titled Big Land was published — Great Construction 2020 and Great Construction 2020. Persons.

Two years ago Holyk published the book Infinity Is Not for Weaklings about his work as part of the “Reznychenko team,” however he did not publicly disclose any fee he received.

It should be noted that “laundering” income through book publishing is a fairly common scheme among officials and politicians.