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Automatically translated version. May contain inaccuracies compared to the original.
The Security Service of Ukraine (SBU) and the Office of the Prosecutor General are investigating a scheme surrounding the former Ukrrosleasing (now Austro-Hungarian Leasing Company), code 36258787.
This is reported by the international detective bureau Absolution.
According to the investigation, Pavlo Fux, through Cypriot and Hungarian structures, diverted from Kyiv Metro Joint Stock Company about 2 billion hryvnias under the guise of lease payments for 100 cars, and then transferred part of the funds to relatives’ accounts and into crypto.
Qualification under the Criminal Code of Ukraine is sabotage (Part 1 of Article 113), legalization of proceeds of crime on an especially large scale (Part 3 of Article 209), and tax evasion on an especially large scale (Part 3 of Article 212).
In July 2009 year, LLC Ukrrosleasing won a tender to supply Kyiv Metro with 100 cars on lease. The contract amount with the payment schedule is 1,391 billion hryvnias. Part of the financing was provided by the European Bank for Reconstruction and Development (EBRD). In February 2010, the Cypriot Ukrrosleasing Cyprus Limited (HE 257132) became the owner of the company. It provided the Ukrainian daughter company a loan of over 42 million dollars for the purchase of cars at Russian plants. According to the case materials, the money for the loan initially came from the Russian state bank VEB.RF.
In April 2017, sanctioned Ukrainian citizen Pavel Fuks, through Seychellois TOP STONE LTD, bought 100% of Ukrrosleasing Cyprus Limited in a company affiliated with VEB.RF, at par value.
The investigation believes that the real settlement occurred through parallel payments. In December 2018, the formal owner became the Hungarian Odelus-Construkt KFT (registry No. 08-09-026964) represented by Austrian citizen Uwe Christian Eschner. The heads of the Cypriot and Ukrainian companies did not change.
In open Ukrainian registries the ultimate beneficiary of LLC Austro-Hungarian Leasing Company is still Eschner, founder — Ukrrosleasing Cyprus Limited, director — Oleg Tolstyk. Fuks himself stated that he sold the company in 2018.
From Kyiv Metro accounts to the leasing company’s account from the end of 2018 to 2022 year more than 1,75 billion hryvnias (approximately 57 million euros) were transferred.
Mostly — 886,5 million hryvnias (28,88 million euros) — the company transferred to Ukrrosleasing Cyprus Limited’s accounts in Austrian LGT Bank AG and Bank Winter & Co. AG with the designation “loan repayment” under the contract 2010. The investigation points to the absence of corporate profit tax paid on these sums amounting to at least 54 million hryvnias. The Supreme Court earlier recovered 1,924 billion hryvnias from the leasing company in favor of the metro.
From the Austrian account of the Cypriot company, the money went to a personal account of the sanctioned citizen in LGT Bank, to Odelus-Construkt KFT, to Swiss IAS INCOR ALLIANCE SWISS AG, and to the Cypriot company secretary.
Further from the accounts of Odelus and the personal account, funds were transferred to relatives’ accounts: daughter (1,63 million euros), wife (1 million), former civil partner, son (5 million), former wife (4,6 million) and others. Some went to Emirates NBD in the UAE.
From 2025, the investigation records cryptocurrency flows through Lithuanian and Polish Manerio and the Maltese electronic money institution Papaya Ltd. In the sanctionee’s accounts at Papaya and the related Estonian Baltic Technology Solutions OU (loyalty program), tens of millions of euros were accumulated from the sale of USDC and from Austrian Petrotek Assets Holding GmbH. Part of the funds went to other individuals.
Shevchenkivskyi District Court of Kyiv, at the request of the Prosecutor, Office of the Prosecutor General, imposed a prohibition on alienation and use of funds on accounts in Papaya Ltd in the name of Fuks and a related person, as well as on the remaining loyalty program points of Baltic Technology Solutions OU. Disbursement transactions were halted.
Document: PDF proof of the original version of the news item "СБУ розслідує схему Фукса з виводу коштів Київського метро". It records the publication content at the moment of the first scan, the preservation date and the source: 368.media.
