President Poroshenko’s Lawyers Go on the Defensive

Behind the Scenes

The new Panama Papers files reveal what was going on at the time of the original leaks.

Just days after reporters asked about Poroshenko’s ownership of the BVI company, his Cyprus lawyers emailed Mossack Fonseca requesting some changes.

They wanted the overall number of shares in Prime Asset Partners to be increased from 1,000 to 50,000. The owner of the new shares would not be Poroshenko, but rather Prime Assets Capital, his Ukrainian foundation. This would effectively remove the president from the company’s direct ownership.

Yet, as the new leak shows, the Mossack Fonseca lawyers didn’t immediately act on the request. Instead, they requested more information about Prime Assets Capital. Specifically, they requested a notarized copy of the foundation’s director at the time — Oleksiy Poroshenko, the president’s father.

The Mossack Fonseca files contain no evidence that Poroshenko’s lawyers provided the requested documents. On the contrary, they show that, as of

... read more at: https://www.occrp.org/en/panamapapers/president-poroshenkos-lawyers-go-on-the-defensive