United Energy Systems of Ukraine (UESU)

Jurisdiction of CV Incorporation / Formation: 
Jurisdiction of CV Incorporation / Formation (State / Province): 
Corporate Vehicle Type: 
Unk
Shell Entity?: 
No
Nonprofit?: 
No
LO relationship to Public Official: 
Frontman (Tymoshenko)
Manager of CV: 
Unk
Year of CV Incorporation / Formation: 
CV same jurisdiction as Public Official?: 
Unk
Jurisdiction of Bank Account : 
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Bank same jurisdiction as CV? : 
Unk
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The U.S. Department of Justice alleged in its 2005 First Amended Verified Complaint of Forfeiture In Rem that during Mr. Lazarenko's tenure as Vice Prime Minister in charge of energy, United Energy Systems of Ukraine (UESU) was one of the corporations granted various privileges, including the authority to distribute natural gas to the Dnepropetrovsk region of Ukraine. UESU was allegedly controlled by Mr. Lazarenko's associate Yulia Tymoshenko and others. The complaint alleged the following: from approximately December 1995 until some time in 1997, UESU received natural gas from RAO Gazprom pursuant to contracts entered into under this authority. In 1996, Lazarenko executed a $200 million guaranty in favor of RAO Gazprom for the delivery of natural gas by UESU, thereby causing the Ukraine government to pledge to use state funds to repay debts of UESU to RAO Gazprom. In January 1996, UESU conveyed title to the imported natural gas to United Energy International Ltd. (UEIL), an 85% shareholder of UESU that was created on October 17, 1995 at the direction of Yulia Tymoshenko, and diverted to foreign bank accounts belonging to UEIL the payments from Ukrainian customers for the natural gas they received through UESU. Between April 1996 and December 1996, rather than pay RAO Gazprom, UEIL transferred approximately $140 million to Somolli Enterprises, a Cypriot company registered in Cyprus on October 8, 1992 and controlled by Ms. Tymoshenko and others. In 1996 and 1997, Mr. Lazarenko received payments of at least $162 million from corporate entities controlled by Ms. Tymoshenko and others, including UESU, UEIL and Somolli Enterprises, Ltd. The transactions included account in the name of UEIL at National Westminister Bank in London through financial institutions in the U.S., including Corestates Bank, in Philadelphia, PA to an account in the name of Somolli Enterprises, Ltd at the Bank of Cyprus in Cyprus which went through financial institutions in the U.S., including Bankers Trust Company in New York and Credit Suisse in New York to accounts controlled by Mr. Lazarenko and/or Mr. Kiritchenko at Banque SCS Alliance in Geneva, Banque Populaire Suisse in Geneva and American Bank in Poland, Inc. in Warsaw, Poland. For example, in September 1996, approximately $8 million was wired from UEIL's account at National Westminister in London through Corestates Bank, N.A. in Philadelphia, Pennsylvania to an account of Somolli Enterprises, Ltd. at Bank of Cyprus. Also in September 1996, approx. $2.6 million was transferred from Somolli Enterprises, Ltd. through an account at Bankers Trust Company, New York to an account under the control of Mr. Kiritchenko at Banque SCS Alliance in Switzerland.
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Jurisdiction of Bank of Account #3 - state/province: 
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Jurisdiction of Bank Account #4: 
Jurisdiction of Bank of Account #4 - state/province: 
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Jurisdiction of Bank Account #5: 
Jurisdiction of Bank of Account #5- state/province: 
Case Control Number: 
84
Bank Name, Account Name: 
Unk
Manager relationship to Public Official: 
Unk
Beneficial Owner (BO): 
Yulia Tymoshenko and [unnamed] others
Actual legal form of CV Type per Jurisdiction: 
Unk
BO relationship to Public Official: 
Frontman (Associate- Tymoshenko)
CV established by: public official, professional intermediary, or frontman: 
Frontman (Tymoshenko and others)