, 13 tweets, 6 min read Read on Twitter
Seems that Deloitte auditing firm has resigned in protest to pressure to certify the audit of Ferrexpo, the largest Ukrainian iron ore producer. Ferrexpo's stock dropped 25% or $1.5B lost in market value in response to the news that Deloitte ran away!

Seems their board members refused to accept that a major shareholder was controlling a 'charity' that the company was supporting. He was the Chief Executive Officer Kostyantin Zhevago at the charity "Blooming Land." #ButNothingsHappening
Ukrainian authorities are investigating the transactions as potential money laundering & tax evasion. The company's board ruled unanimously that the CEO of the charity, didn't have control of the charity so it wasn't an issue for Deloitte auditors to worry about...
The big auditing firms are facing increased scrutiny over allegations of looking the other way on corporate, charity & bank fraud audits. #ButNothingsHappening
Two board members with Ferroexpo who were involved in the audits also resigned from the company's board.
Sorry, it looks like the article was poorly worded, it made it sound like he was the CEO at the charity, but he is actually the CEO of Ferroexpo & controlls 50% of the company according to Forbes. forbes.com/profile/kostya…
He also reportedly owns Ukrainian Finance and Credit Bank, a convenient resource if you want to launder money in Ukraine. He has been with the bank since 1992, eventually taking over his employer as the owner!
He has a very nice $80M yacht too! Wonder if that is connected to all of those money laundering issues to yacht builders in the U.K.? superyachtfan.com/superyacht_z.h…
Yachts & art are becoming big assets in DOJ seizures of assets from criminals around the world.
Lots of money from Russia & Ukraine were laundered through the #TroikaLaundromat! insurancejournal.com/news/internati…
Apparently his bank went bankrupt in 2015, leading the govt. to try to seize $174M of his iron ore company bank accounts. But the World Bank rode to the rescue loaning Ukraine $500 Million to bail out the banks! johnhelmer.net/how-imf-and-wo…
It looks like the International Monetary Fund was involved in liquidating his bank as part of the bankruptcy in 2015. Don't think they broke any rules to hide any of the #moneylaundering do you?
So much to explore...
Seems Zhevago was a major rival of Hillary's favorite oligarch Victor Pinchuk in the banking industry & is still the iron ore rival to Rinat Akhmetov. Both of whom feature strongly in the Democrats connections to Ukraine. Might not take much to flip him!
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