Kherson City Court has obliged former deputy of the Kherson City Council Valeriy Borzhkov to return 21 480 600 hryvnias to his former business partner.
The relevant court decision was published on the Unified State Register of Court Decisions website.
As stated in court documents, in June 2021 Panasyuk borrowed from Borzhkov 1 075 000 US dollars. At that time this was about 29.2 million hryvnias. The money was to be repaid in installments. To guarantee repayment, Panasyuk pledged 50% of the company “Auto-Plaza” as collateral.
He returned 800 thousand US dollars, but did not pay the remaining 275 thousand US dollars. After that Borzhkov turned to the commercial court. In 2024 the court allowed transferring the share to him in “Auto-Plaza”.
Later Panasyuk filed a separate lawsuit in which he claimed that Borzhkov received both 800 thousand US dollars in cash and half of the company, which in the contract was valued at 1 075 000 US dollars. That is, in total — more than the loan amount.
The court agreed with this. The decision states that Borzhkov received a share worth 29.2 million hryvnias and 21 480 600 hryvnias, which Panasyuk had paid earlier. Therefore, the court ordered him to return these 21.48 million hryvnias.
Recall that in 2015 Valeriy Borzhkov became a deputy of the Kherson City Council from the ‘Ukrop’ party.
In 2018 he got into a comical situation with the “pompous” opening of a toilet renovated with his support at the Kherson Regional Academic Music and Drama Theater named after Mykola Kulish.
In 2019 Borzhkov’s firm purchased for ~2% of the real price a “seized” driveshaft factory in Kherson. The scam was run by his former business partner Oleksiy Panasyuk and Ihor Rabiner.
In 2020 the court found Borzhkov guilty of a conflict of interest.
In 2021 Kherson Vodokanal purchased from “Auto-Plaza” minibus for 1.5 million hryvnias, which became the most expensive official vehicle purchased with budget funds at that time.