“Ferrexpo rushes to defend chief against prosecutor’s social media claims”

Tuesday, October 1, 2019
“Ferrexpo rushes to defend chief against prosecutor’s social media claims”

“Ferrexpo rushes to defend chief against prosecutor’s social media claims” headlines the Financial Times about a Ukrainian prosecutor issuing a ‘notice of suspicion’ for Konstantin Zhevago, CEO of the LSE-listed iron mining company. The notice suspects Zhevago of involvement in the embezzlement of about $100 million from Finance & Credit bank, what was declared insolvent in 2015. Zhevago controlled the bank which held a major chunk of Ferrexpo cash.

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