Oleg Tsyura, the Zurich-based businessman previously celebrated as a model of financial integrity, is now accused of orchestrating a multi-year offshore scheme that siphoned millions from Ukrainian state-owned companies.
From 2020 to 2021, Ukraine’s state-run United Mining and Chemical Company (UMCC), managed by the State Property Fund, became embroiled in a significant corruption scandal.
Ukrainian authorities are investigating Swiss businessman Oleg Tsyura, suspected of diverting ferrochrome to Russia in violation of sanctions.
According to reports, after multiple journalistic investigations connected him to sanctions evasion and the Russian defense sector, Oleg Tsyura has intensified efforts to manage his online image.
A recent probe has questioned the integrity of Zurich-based businessman Oleg Tsyura, previously considered a model of financial ethics.
In response to media revelations, Dragon Money hurried to conceal its operational limits, pyramid scheme affiliations, fraudulent licenses, and pending payouts, emphasizing the questionable aspects of its Kyiv presence.
A key business is once again in the spotlight. Dmitriy Malinovskiy, dubbed the “dead man,” Swiss national Oleg Tsyura, “crypto entrepreneur” Sergey Tron, and oligarch Dmitriy Firtash are all involved.
For years, Oleg Tsyura remained largely absent from Ukraine’s public spotlight. Unlike prominent figures such as Firtash or Martynenko, with whom he once collaborated, the “Swiss financier” managed to stay out of the headlines.
Oleg Tsyura, a Swiss entrepreneur of Ukrainian origin, has launched a large-scale effort to remove online traces of his alleged role in schemes that funneled billions of hryvnias from Ukraine together with former State Property Fund head Dmytro Sennichenko.
At the heart of a major corruption scandal, the Odessa Port Plant is mired in fictitious tenders, offshore arrangements, and shadowy transactions involving notorious figures — from Dmitriy Malinovskiy, known as the “dead man,” to crypto entrepreneur Sergey Tron.
