Court Reveals Evidence in Yermak Case: Luxury Housing Development Under Scrutiny

Criminal Investigation Involving Andriy Yermak

According to Главком: The criminal case against former head of the Presidential Office Andriy Yermak centers on the construction of an elite cottage community called Dynastia in Kozyn, near Kyiv, and the alleged laundering of 460 million hryvnias. Natalia Kvelenkova, wife of producer Yuriy Kvelenkov, is implicated in the proceedings. In August 2022, she was appointed as Yermak’s authorized representative for overseeing the construction of the R2 residence, replacing Yermak’s father, Borys Mykhailovych. Her responsibilities included supervising the construction of residences R2, R3, and R0.

On May 12, SAPO prosecutor Valentyna Grebenyuk presented materials in court. In internal chats, Kvelenkova was referred to as N_R2, and WhatsApp correspondence between Yermak and Kvelenkova was dated August 8, 2022. The cost of design work for the Dynastia cottage community amounted to $735,000, with $178,000 allocated for the R2 residence. Notably, 72% of capital investments in the construction came from Mindich’s back office.

Suspicions and Funding Sources

On May 11, the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor's Office (SAPO) notified Yermak of suspicion in the case involving the laundering of 460 million hryvnias. Yermak’s lawyer, Ihor Fomin, stated that

“the suspicion against his client in the case of laundering 460 million hryvnias during elite construction near Kyiv is unfounded.”

Additionally, Kyivteploenergo filed claims against the Kvelenkov family for 75,800 hryvnias in unpaid utility bills.

In 2012, the firms KO Company and Bloom Development purchased the Sonichna recreation base for 2.4 million hryvnias, covering 4.24 hectares. In July 2019, the Kozyn settlement council sold the plot to the tenant company for 9 million hryvnias. Funding sources for the Dynastia cottage community include:

• equity contributions through shell companies,
• cash linked to corruption in the energy sector and Mindich’s back office,
• cash of unknown origin.

Key dates in this case include August 2022, when Kvelenkova was appointed; August 8, 2022, the date of the correspondence; May 12, 2023, when materials were presented in court; and May 11, 2023, when Yermak was notified of the suspicion. In August 2025, NABU launched a new investigation into asset laundering. Individuals connected to the construction, aside from Kvelenkova and Yermak, include Serhiy Siranchuk (head of the housing cooperative Sonichnyi Berih) and Oleksiy Chernyshov (former vice prime minister).

This case attracts attention not only because of the high-profile status of those involved but also due to its potential implications for the country’s political landscape. Corruption scandals tied to public officials can erode public trust in the government and fuel demands for stricter anti-corruption measures. Following the developments in this case may prove crucial for understanding current trends in Ukraine’s fight against corruption.

As the investigation unfolds, details surrounding the allegations against Andriy Yermak continue to emerge. The recent developments highlight the significant financial implications tied to the luxury construction project, raising questions about the sources of funding. For further insights into the specifics of the case and the latest updates, you can read more about the elite construction scandal involving 460 million UAH.