The Yermak Case
On May 11, Andriy Yermak, who previously led Ukraine’s Presidential Office, was formally notified of suspicion in a case involving the laundering of 460 million UAH. This investigation centers on the unfinished "Dynasty" cottage complex in Kozyn, near Kyiv, and is connected to the broader "Midas" operation. Beyond Yermak, the case implicates Tymur Mindich, Oleksandr Tsukerman, Herman Halushchenko, and Oleksiy Chernyshov. For an international audience, it is worth noting that Yermak has been a key figure in Ukrainian politics, serving as head of the Presidential Office under President Volodymyr Zelenskyy until his recent departure.
The "Dynasty" complex under scrutiny is an incomplete development featuring four residences, each roughly 1,000 square meters in size. The 8-hectare plot of land is valued at approximately $6 million, with construction costs for each residence estimated at around $2 million. The residence concept was developed in 2020. The Specialized Anti-Corruption Prosecutor's Office (SAPO) prosecutor indicated plans for five residences, marked as follows:
- R2 (Andriy Yermak’s house)
- R3 (Tymur Mindich’s house)
- R4 (Oleksiy Chernyshov’s house)
The owner of residence R1 has not been officially disclosed. Additionally, a residence labeled R0, featuring a spa, was also planned.
The construction client is the service cooperative "Sunny Shore Housing Construction Cooperative." Records show that in 2012, the companies "KO Company" and "Bloom Development" purchased the property complex of the "Sunny" recreation base in Kozyn for 2.4 million UAH. The land plot covered 4.24 hectares, and in July 2019, the village council sold this plot to the tenant company for 9 million UAH.
In August 2025, the National Anti-Corruption Bureau of Ukraine (NABU) launched a new investigation into asset laundering. This case gained public attention following investigative journalists' reports in July and October of the previous year, which focused on the construction of cottages in Kozyn. NABU and SAPO also reported suspicion against six additional members of an organized group, including a former Ukrainian vice prime minister, a businessman, and one of the leaders of a criminal organization exposed during the "Midas" special operation in November 2025.
Andriy Yermak denies any involvement with the property, and his lawyer, Ihor Fomin, considers the suspicion unfounded. Fomin stated that
"the suspicion against his client in the case involving the laundering of 460 million UAH through elite construction near Kyiv is baseless"- Ihor Fomin.
Yermak, alongside his legal team, is currently reviewing the case materials, signaling his intent to defend his interests in this matter.
What is Known About the "Dynasty" Cottage Complex
The "Dynasty" cottage complex has become a key focus of the investigation due to its unfinished state and the financial implications involved. The planned residences, notable for their large size and high value, raise questions about funding sources and potential legal violations during construction.
The "Dynasty" Series
The name of the cottage complex may evoke the American TV series "Dynasty," which originally aired on ABC from 1981 to 1989. A reboot premiered on The CW in 2017, running for five seasons until 2022. However, in the context of this investigation, the focus remains on the financial and legal issues surrounding the complex.
The case against Andriy Yermak and other individuals is being investigated for potential financial misconduct and the laundering of criminally obtained funds. It has attracted significant public interest due to its involvement of high-ranking officials and their assets. The outcome of this investigation could have serious repercussions, not only for those implicated but also for public trust in Ukraine’s state institutions.
In light of the recent developments surrounding Andriy Yermak's involvement in the alleged money laundering case, it is essential to explore the broader implications of this investigation. The ongoing scrutiny of the elite construction project not only highlights potential corruption within Ukraine's political landscape but also connects to other key figures implicated in the affair. For further details on the charges and the specifics of the case, you can read more about the elite construction controversy.