99 million debt, and the management of Pivdenmash lives in luxury - investigation of Khapuga.UA
Project investigators Khapuga.UA published material on the real financial position of the state giant «Pivdenmash» and the lifestyle of its management.
Despite the debt in UAH 99 million owed to energy suppliers, which enterprise has not repaid for more than a year, According to journalists, the plant's management, even after winning the lawsuits, demonstrates a luxurious lifestyle.
CEO's wealth
General Director of the enterprise Sergey Voit, according to the investigation, received last year UAH 5 million in salary. He lives in an elite estate near Dnipro, which is not included in the declaration.
Realtors estimate the value of a house at $350-380 thousand.
According to journalists, Voight's younger son owns an elite estate in the Kyiv region, and companies registered to family members were allegedly contractors of Pivdenmash.
Violations in the declarations of top managers
Deputy Director Sergey Karpenko:
did not declare over UAH 100 million,
provided false information on about UAH 130 million.
First Deputy Konstantin Zavgorodniy became the owner Toyota Land Cruiser (2020), purchased for 1 hryvnia, while the market price of the car exceeds $60 thousand.
During the war, his wife acquired BMW X6 M worth more than $100 ths.
Possible audit of the company
Against the backdrop of large-scale government inspections following the exposure of the Midas scheme, journalists suggest that «Pivdenmash may become one of the first companies to undergo a deep audit.
Investigators note that the origin of the management's wealth looks questionable, especially given the company's statements about the lack of funds to repay debts.



