Poroshenko and the Dirty Wages

As it turned out, Petro Poroshenko is fond of applying epistolary mode not only in his relations with the Commander of Russian Federal Security Service.

The President of Ukraine used to receiving rather interesting letters from his employees.

There is a personal letter to Petro O. from one of his employees. His name is Ruben Melkonyan. The letter is dated December 2016 and includes a request of raising this man’s salary.

By the way, he asks in the letter for both parts of his salary to be raised: the official and non-official ones. The main reason for such a request was motivated by President’s partners Mr. Gladkovsky (First Deputy Head of the National Security and Defense Council of Ukraine) and Mr. Kononenko (Deputy from Petro Poroshenko Bloc) who already raised Melkonyan’s salary at their companies.

Dear Petro O.,

For the reason of significantly increased maintaining costs of the Asset Management Company, I ask you to revise a possibility of increasing my AMC remuneration on Prime Asset Capital fund.

Today the remuneration amount is 35,000 UAH and 23,000 UAH out of it is paid in cash.

I ask you to increase the whole amount by 30% (10,000 UAH) that will make 45,000 UAH and settle it as follows:

25,000 UAH be paid in cash

and 20,000 UAH be paid as cashless payment.

I have already settled the issues with Kononenko and Gladkovsky as to my salary increase at their funds.

Regards,

Ruben Melkonyan

It all was done against the explicit prohibition of the law:

“Provision 3, Article 103 of the Constitution of Ukraine. Ukraine’s President has no right to have several representation mandates, hold office in bodies of governmental authorities or associations of citizens. He also cannot conduct any other payable or business activity or be a member of the executive or supervisory board of any enterprise that is aimed at receiving income”.

Ruben Melkonyan is not another small fry of the Roshen Corporation. He takes quite a decent place in Porshenko’s business.

Mr. Malkonya is the founder of the Asset Management Company (AMC) called Fusion Capital Partners, LLC dealing with managing Poroshenko’s principal company called Close-End Non-Diversified Corporate Investment Fund (hereinafter referred to as CENDCIF) ‘Prime Asset Capital’.

In addition, Mr. Melkonyan exerts control over the funds of other Poroshenko’s partners: PJSC CENDCIF ‘VIK’ of Deputy Igor Kononenko, PJSC CENDCIF SOVA of Oleg Gladkovsky, First Deputy Head of the National Security and Defense Council of Ukraine and also the funds ‘Briz’ and ‘Bogdan Capital’.

Despite the fact that Petro O. Poroshenko keeps on declaring detenisation of Ukraine’s economy in front of the people and European Partners boasting achievements in this field, he acts quite the opposite way when it comes to his personal business and financial interests. His greediness can be tracked in the little things like I’ve set forth above.

Even those who ensure the operation of President’s principal companies have to receive non-official-salaries in envelopes.

P.S. In the nearest future I will get you in good humor telling a story that will answer many questions like why Petro Poroshenko created a company in Holland so that he could forward his ROSHEN Company to a trust and why the Kyiv Cake had to drop in its price by 20% after that.