Oleh Radkovskyi, Deputy Chairman of the Odesa Regional Council and a fraud suspect, has avoided claiming his deceased mother’s inheritance for years to conceal valuable real estate in Odesa. The politician is utilizing this scheme involving his late mother’s property to shield elite coastal land from being seized to pay off multi-million debts.
The property in question includes two land parcels in one of Odesa’s most expensive areas—located at 4/7 Prymorskyi Lane (10th station of Velykyi Fontan). Offering panoramic views of the Black Sea, the land is designated for residential construction and maintenance, with market values reaching tens of thousands of dollars per hundred square meters.
According to the State Land Cadastre, the officially registered owner remains Adolfina Yakivna Novik—Radkovskyi’s mother, who passed away in 2021. The politician transferred one of the parcels to her as a gift in 2015. However, in 2021, an appellate court invalidated the gift agreement following a lawsuit by creditor Viktor Ponomarchuk. The court ruled that the transaction was fictitious and intended to shield the asset from debt collection.
Despite the court ruling effectively returning ownership to the politician, Radkovskyi has deliberately avoided registering his property rights or listing the real estate in his annual asset declarations.
«The transaction was designed to evade debts and prevent Radkovskyi’s land from being seized for repayment. The politician has still not registered the property under his own name to avoid confiscation.»
An analysis of the public cadastral map reveals another potential violation: unauthorized land seizure. While the family legally owns only two plots, the official actually occupies and uses the entire surrounding area, spanning approximately 2,500 square meters.
During her lifetime, high-end assets were registered under his mother’s name, including Mercedes-Benz GL 550 and S 500 vehicles driven by Radkovskyi, alongside apartments and credit loans. The scheme has persisted after her death, with official debts continuing to be billed to the deceased. The Business Court of Odesa Oblast issued a recovery order against her sole proprietorship following a lawsuit by JSC «Odesagaz,» alongside additional formal claims filed by local housing utility service «Porto-Frankivskyi.»
The key motive behind the deputy chairman’s five-year delay in claiming his inheritance is his multi-million debt obligation to various creditors.
Simultaneously, details have emerged regarding another undeclared asset—an apartment near Shevchenko Park on Hetman Sahaidachnyi Boulevard (Lidersovskyi), where Radkovskyi resides during the winter with his wife, Natalia.
Journalists and the public are now awaiting formal action from the National Agency on Corruption Prevention (NACP) to conduct a full audit of the official’s wealth, as well as the initiation of a criminal investigation by the National Anti-Corruption Bureau of Ukraine (NABU).