BREAKING: Ukraine President Volodymyr Zelensky has allegedly been using US funds sent to the country for luxury acquisitions, including hundreds of millions spent in purchasing a hotel and casino worth over $191 million.
According to Turkish website OdaTV, Zelensky is rumored to have purchased the Vuni Palace hotel and casino in Northern Cyprus.
President of Cyprus Nikos Christodoulides states an investigation is underway.
According to reports, Belize-registered Film Heritage Inc. acquired the hotel for £150 million ($191 million), although this report has since been deleted.
Film Heritage Inc. which was originally owned by Zelensky, as revealed in an October 2021 investigation by OCCRP.
Olena Zelenskaya became the sole owner of the company around the time of Zelensky's election in 2019.
The appearance of “Film Heritage Inc” in the Turkish press has been explained by the Oscar Group’s spokesperson as the company having developed the casino’s website.
Previous investigations revealed a network of firms based in the British Virgin Islands, Belize, and Cyprus linked to Zelensky and his partners, suggesting efforts to conceal offshore assets.
Reports also allege that Zelensky has made luxury purchases, including a $35 million house in Florida, two luxury yachts, and a UK mansion previously owned by King Charles III.
US and EU politicians have expressed concerns on the transparency of Kiev’s use of multi-billion-dollar funding.
UPDATE: President Biden just apologized to Zelensky for not sending more U.S. aid to Ukraine.
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