On the off chance that you didn’t think Poroshenko was corrupt: Candy Company Plans Haunt Ukrainian President

Every time there is a major leak of offshore documents, Ukrainian President Petro Poroshenko seems to get caught in another discrepancy regarding his plans for Roshen, his candy company.

The latest leak, the Paradise Papers, gives the most detailed view to date of Poroshenko’s true intentions for the troubled restructuring of his confectionary empire.

During his election campaign, Poroshenko publicly promised to sell his business if elected. But just days afterwards, his lawyers were asking a legal services firm to set up a structure that would allow him to move his company offshore, evade Ukrainian taxes, and stash money abroad. Citing the risks of associating with him, the firm eventually declined to deal with Poroshenko.

He ended up setting up a similar offshore structure with a different, less wary firm.

A separate financial filing discovered by reporters raises questions about whether Poroshenko’s claims not to have moved any Ukrainian cash to his offshore holdings are true.


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