The Oligarch Part 1 | Based on hundreds of pages of court documents, it deals with Kolomoysky's rise, his turning PrivatBank into an empire of fraud, the events of Maidan, and his involvement in the post-Maidan world | “He did play as Napoleon, right, Zelensky?... This Napoleon will soon be no more,” said a man with curly grey hair and a scraggly grey beard from the defendant’s cage in a Kiev courtroom. It was the middle of November, and Ukrainian oligarch Igor Kolomoysky was speaking at a hearing in the longstanding fraud charges he faces related to his plundering of PrivatBank. Looking relaxed in a track suit and speaking in Russian, Kolomoysky predicted that Vladimir Zelensky would come crashing down with him due to his own intimate involvement in the corruption scandal currently roiling Ukraine. [...] It is perhaps an exaggeration to say that all crooked roads in Ukraine lead to Kolomoysky – if only because corruption there is too pervasive to trace to one man. Yet, Kolomoysky seems to stand upstream from the entire intertwined morass of militant nationalism, cronyism, and corrupt patronage networks that have defined modern Ukraine.
The Oligarch Part 2 | Zelensky elected: The people’s fantasies and Kolomoysky’s favor | In April 2019, comedian Vladimir Zelensky defeated in a landslide incumbent Pyotr Poroshenko in the Ukrainian presidential election. It was an instance of life imitating art. In a TV series called ‘Servant of the People’, Zelensky played the role of a school teacher who launches a quixotic bid for the presidency running as an anti-corruption crusader. The series, which became wildly popular, aired on the TV channel 1+1, majority owned by Kolomoysky’s 1+1 Media Group. [...] The documents show that Zelensky and his partners in the television production company Kvartal 95 set up a network of offshore firms dating back to at least 2012, which happens to be the same year the company began making regular content for Kolomoysky. The offshore entities funneled Kolomoysky’s money through the British Virgin Islands, Belize, and Cyprus in order to avoid paying taxes in Ukraine. According to the documents, associates of Zelensky used these entities to purchase and own three high-end properties in London. ● In April 2019, the Kyiv Post reported that Zelensky traveled a total of 11 times to Geneva and an additional two times to Tel Aviv over the two-year period in which Kolomoysky was in exile and residing in those cities at the time of the flights, respectively. [...] Zelensky’s distancing efforts notwithstanding, Kolomoysky was widely seen as responsible for delivering the presidency to the comedian. Kolomoysky was hardly shy about how his protégé’s victory was perceived: “People come to see me in Israel and say, ‘Congrats! Well done!’ I say, ‘For what? My birthday’s in February’. They say, ‘Who needs a birthday when you’ve got a whole president?’”