The current Governor of the National Bank of Ukraine, Kyrylo Shevchenko, is directly involved in the embezzlement of billions of hryvnias from Terra Bank depositors, since he was directly involved in the management of this bank. And the bank had been controlled for several years by the same people who created the illusion of selling the bank to different hands, according to 's investigation that lasted about six months.
In 2010, Shevchenko was part of the group of persons who acquired Terra Bank. At that time, the future head of the NBU was Deputy Chairman of the Board of the state-owned Ukrgasbank. Vadym Kopylov, the Deputy Minister of Finance of the times of President Yanukovych, was among his "associates" in purchasing Terra Bank. Shevchenko and Kopylov gained control over the bank through Ukrainian Strategic Group PJSC, or USG (Ukr. «Ukrainska Stratehichna Hrupa»)—this company owned 99.21% of Terra Bank shares.
"Shevchenko openly owned 33% of the shares of USG. Kopylov, as an official related to the Party of Regions with an ambition to get the post of Minister of Finance, got the shares via other people: his wife Maryna Lening, who formally owned his business, and Viktor Barsuk, who represented Kopylov's interests and owned 29.9% of USG shares. Maryna Lening headed the Supervisory Board of Terra Bank, Victor Barsuk was a member of the Supervisory Board… With the help of members of the Party of Regions, Kyrylo Shevchenko took the post of Chairman of the Board and held it from April 14, 2010, to April 11, 2011. But in April 2011, there were personnel changes in the bank. Volodymyr Kotsyuba, a close friend of Kopylov and Shevchenko, replaced Kyrylo Shevchenko as Chairman of the Management Board," the investigation states.
And after this castling, Shevchenko himself consistently first occupies the position of a Member of the bank's Supervisory Board, and then adds to it the position of Chairman of the Board of USG PJSC. This means that in fact Shevchenko, de jure not controlling Terra Bank, actually continues to exercise control over it through the main shareholder of the institution.
"Thus, the Shevchenko-Kotsyuba castling looks pretty much like simply changing people that are connected by friendly and business," the article emphasizes.
In 2012, Kopylov and Shevchenko made a very bizarre, at first glance, move—they sold their shares in Terra Bank. That was despite the fact that in 2010-2011 the bank was flourishing and even received the Ukrainian banker awards 2012 in the nomination "The Most Dynamic Banks".
The bank is acquired by a certain Ruslan Tsyplakov, who was associated to one of the sons of fugitive President Viktor Yanukovych
"This businessman from Donetsk was close to the Yanukovych family and was known as the owner of Pivdencombank. According to the OCCRP investigation, under Tsyplakov's leadership, $38 million were sent offshore from Pivdencombank's accounts, and armed "titushki" (pro-government provocateurs) who attacked Maidan in 2014 were financed from the bank on a large scale," the investigation notes.
Then Serhiy Klymenko became the owner of Terra Bank in December 2013. And the final beneficiary of the bank turned out to be the People's Deputy from the Party of Regions Maksym Lutsky, a relative of the notorious Minister of Education Dmytro Tabachnyk. In 2014, Klymenko left the post of Chairman of the bank's Board and appointed Oleh Savoshchenko, a person from Shevchenko's team, who had held various senior positions in the bank since 2010.
"Meanwhile, in March 2014, Kyrylo Shevchenko returned to Terra Bank as President. This job position was created especially for Shevchenko and its functionality was not clear," the article mentions.
Thus, as can be understood, although at first glance it seemed that Terra Bank passed from hand to hand, in fact it was controlled by the same people. For a number of years, a group of persons was creating the illusion of selling the bank, in fact, never letting control of it slip from their hands.