National Anti-Corruption Bureau conducts search of businessman Vasyl Khmelnytskyi
Photo: UFuture

Detectives of the National Anti-Corruption Bureau searched the home of businessman Vasyl Khmelnytskyi, he reported on Facebook.

"I have guests from NABU at home. This visit of law enforcement agencies to me concerns a case that has been under investigation for over four years," Khmelnytskyi said.

The case is related to a plot of land that Khmelnytskyi and his partner purchased for UAH 18.9 million ($512,000) for the construction of a "new modern school".

"NABU believes that the price is too low," he wrote.

The businessman himself explains such a price by the fact that urban planning documents prohibit placing commercial or residential real estate at this address. "Therefore, from the point of view of business, the price is as high as possible," Khmelnytskyi said.

He stated that he is ready to cooperate with NABU detectives.

Vasyl Khmelnytskyi is a businessman and the founder of the UFuture holding. With a fortune of $310 million, he took 29th place among the richest Ukrainians in the Forbes rating. In 1998-2014, he was an MP. Until February 21, 2014, he was in the faction of the Party of Regions. In particular, he voted for the Kharkiv Pact on Russian Fleet's continued stay in Sevastopol and the so-called "anti-protest laws" on January 16, 2014.

His main assets are pharmaceutical company Biopharma, energy company UDP Renewables, Kyiv airport (Zhulyany), innovation parks in Kyiv, Lviv and Kharkiv (Unit project) and industrial park in Bila Tserkva. Until recently, he owned a stake in the UDP development company.