Detectives from the National Anti-Corruption Bureau of Ukraine (NABU) have conducted new investigative actions in a high-profile land fraud scheme involving the luxury «Dynasty» cottage community in Kozyn, Kyiv Oblast. As part of the ongoing probe, law enforcement searched the home of Kozyn Village Head Valeriy Hartik, seizing and placing under court-ordered restraint three smartphones, a laptop, and a dashcam. The investigation centers on the sale of municipal land at a drastically undervalued price and directly links to former Vice Prime Minister Oleksiy Chernyshov.
According to investigators, the village head allegedly conspired with officials from «Nesina & Co.» LLC and «Bloom Development» LLC. A municipal land plot spanning nearly 4.25 hectares was sold for just 8.76 million UAH.
However, official appraisals indicate the land’s minimum actual market value was 43.25 million UAH, with upper estimates reaching up to 180.2 million UAH. As a result, the financial damage to the local community is estimated to run into tens of millions of hryvnias.
«According to investigators, the municipally owned plot was alienated at a price far below market value — 8.76 million UAH instead of the minimum estimated 43.25 million UAH.»
Construction on the luxury «Dynasty» development in Kozyn began in 2019. While the formal developer is the «Soniachnyi Bereh» Housing Construction Cooperative, law enforcement believes the ultimate beneficial owners behind the project are former Vice Prime Minister Oleksiy Chernyshov and his wife, Svitlana.
«Bloom Development» LLC, a key firm featured in the land undervaluation episode, was originally co-founded by Chernyshov before he transferred his share to his wife in 2019. Detectives state that the former official personally recruited investors and helped facilitate the land allocations for the project.
The criminal proceedings under Part 3 of Article 209 of the Criminal Code of Ukraine (money laundering on an especially large scale) were formally initiated in October 2025. In May, law enforcement issued new notices of suspicion to six individuals implicated in laundering over 460 million UAH.
Among those suspecting are Oleksiy Chernyshov and sanctioned businessman Timur Mindich — both of whom are primary figures in the major «Energoatom» corruption investigation (known as Operation «Midas»). Investigative procedures across all related branches of the case remain ongoing.