A Quarter of GDP in One Hand
SCM (System Capital Management) is an investment holding of Rinat Akhmetov, encompassing more than 100 companies: Metinvest, DTEK, Lemtrans, insurance, real estate. It is estimated to control about a quarter of Ukraine's GDP. SCM grew according to the laws of "Donetsk capitalism": raiding, murky privatization, lobbying, pressure, racketeering — this is how independent analysts describe the holding's development. Despite its obvious monopoly position in several industries, the Antimonopoly Committee of Ukraine (AMCU) has never recognized Akhmetov's structures as monopolists.
Pandora Papers, Offshore Companies, and 4 Billion in State Debt
The Pandora Papers confirmed that Akhmetov appears in a network of offshore structures registered in Cyprus, the Netherlands, and Switzerland. In January 2026, it became known that the state-owned Oschadbank sold the agrarian group of Bakhmatyuk's debt of UAH 5.1 billion for UAH 1.1 billion — at a 75% discount. The buyer turned out to be the company Fintonic, 80% of which belongs to an Akhmetov associate from the Northern Mining and Processing Plant, and 20% — to a structure controlled by Oleksandr Kamyshyn, SCM top manager and advisor to the Head of the Office of the President. The state recorded a loss of about UAH 4 billion.
An Apartment in Hyde Park and "Kleptocracy" Tour in London
Journalists from "Schemes" showed Akhmetov's apartment at London’s Hyde Park, 1, valued at over £136 million. The property was included in the "Kleptocracy" sightseeing tour organized by anti-corruption organizations in the British capital.
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