Ferrexpo denies reports of legal prosecution of Konstantin Zhevago
The board of directors of a mining company with assets in Ukraine Ferrexpo has issued an official statement on recent reports regarding the group's CEO and majority shareholder, Konstantin Zhevago.
The statement states that no legal notice was served on Konstantin Zhevago, and he himself strongly denies any allegations of wrongdoing.
We will remind that last week a number of Ukrainian media published a message that the State Bureau of Investigation (SBI) announced the national wanted list of the former MP and owner of the Finance and Credit Bank (F&C) Konstantin Zhevago. According to the investigation of the RRT, 113 million dollars were withdrawn from FiK, debited from its correspondent accounts in the Austrian Meinl Bank and Liechtenstein Bank Frick & Co.
Ferrexpo plc is a Swiss iron ore company headquartered in Ukraine, specializing in commodity trading and iron ore mining. The company's trading office is located in London, where it is listed on the London Stock Exchange and is part of the FTSE 250 Index.
Ferrexpo's resource base is located in Ukraine and is one of the largest iron ore deposits in the world. In 2018, the Group produced 10.6 million tonnes of pellets, an increase of 2% compared to 2017, making it the third largest exporter of pellets for the global steel industry with a market share of around 8%.