SAP Prosecutor Exposes Funding Scheme Behind Chernyshov's Luxury Estates

Corruption Scheme Surrounding the 'Dynasty' Residences

According to Главком: Valentyna Hrebeniuk, a prosecutor from the Specialized Anti-Corruption Prosecutor's Office (SAP), has revealed that former Deputy Prime Minister Oleksii Chernyshov enlisted three trusted individuals to facilitate the construction of the 'Dynasty' residences. Under this arrangement, funds were funneled from various companies-some showing signs of being shell entities or implicated in criminal cases-through these intermediaries to the housing cooperative 'Soniachnyi Bereh' (Sunny Shore). The total contributions amounted to 51.1 million Ukrainian hryvnias. Additionally, authorities documented the transfer of $1.22 million and €96,700 to Chernyshov.

These details emerged during a court hearing. Chernyshov brought in three trusted intermediaries for the 'Dynasty' project: Liliia Lysenko, director of 'Bloom Development' LLC; Hennadii Opalchuk, co-owner of the 'Soniachnyi Bereh' cooperative; and Serhii Siranchuk, the cooperative's director. They acted as conduits for construction financing. According to the scheme, these individuals deposited funds into the cooperative's share capital, sourced from companies that are subjects of other criminal investigations. The money was paid to Lysenko and Opalchuk under the guise of service fees.

Funding Sources and Involved Companies

The financing was channeled through 'Demetra Finance' LLC, a financial company established in November 2021 and dissolved in November 2023. In 2023, 'Demetra Finance' was implicated in a criminal case involving fraud. The National Police analyzed the company's potential role in money laundering and fund diversion alongside officials from the RVSB Bank. Another entity that paid for 'services' was 'Stolytsia Torh Postach' Trading House from Boryspil, which has been inactive since May 2023 and is listed as a potentially fictitious entity. Furthermore, 'Brain-Techno Group' LLC, also from Boryspil, transferred funds to Chernyshov's intermediaries but has not operated since March 2023.

Five enterprises from the 'Nevada Pharmastar' group settled payments with Opalchuk and Lysenko, including:

• 'Zdorova Rodyna' Pharmaceutical Company
• 'Nais' Firm
• 'Salve'
• 'Medpharmservice'
• 'Yuma-Vita'

The 'Nevada Pharmastar' group is controlled by Oksana Shevchenko, a Kyiv resident. The SAP prosecutor also referenced 'Zdraviia' Pharmaceutical Company LLC, which was involved in the money transfers. This company is registered in Pokrovsk, Donetsk region, and was previously investigated by the Security Service of Ukraine (SBU) for allegedly financing terrorism.

Between August 2020 and July 2025, Lysenko and Opalchuk deposited 51.1 million hryvnias into the cooperative's account, sourced from 16 companies. Four individuals described as 'controlled by Chernyshov' have been served suspicion notices in connection with the 'Dynasty' construction. The National Anti-Corruption Bureau of Ukraine (NABU) documented that $1.22 million and €96,700 were handed over to Chernyshov and his intermediary.

In 2020, while serving as Minister of Communities and Territories Development, Oleksii Chernyshov conceived the 'Dynasty' cottage village, bringing in businessman Tymur Mindich and Presidential Office Head Andrii Yermak as co-investors. The plan involved building five houses in the village of Kozyn, Kyiv region. The land was purchased by 'Bloom Development' LLC, which was owned by the Chernyshov family. The residences were numbered: R2 was the estate for Andrii Yermak, R3 for Tymur Mindich, R4 for Oleksii Chernyshov. The owner of residence R1 was not officially disclosed, and a shared-use residence, R0, was also planned.

This case is part of a broader investigation into corruption schemes in Ukraine involving high-ranking officials and their business ties, which may be linked to financial crimes.

The situation surrounding the 'Dynasty' residences underscores the need for rigorous oversight of financial transactions to prevent the misuse of state resources for private gain. The investigation continues, and its outcomes could shape the country's political landscape and public trust in anti-corruption bodies.

In addition to the revelations about the funding scheme for the 'Dynasty' residences, new developments have surfaced regarding fresh allegations against Chernyshov connected to the Midas case. These charges may further complicate the legal challenges faced by the former Deputy Prime Minister, highlighting a broader pattern of corruption and financial misconduct that continues to unfold.