One of the largest electronics chains in Ukraine, Eldorado, has officially entered bankruptcy proceedings. An attempt to restructure over UAH 1 billion in debt has failed, and creditors have only 30 days to file claims. The return of funds is complicated by the long-standing use of fictitious individual entrepreneurs through which the company worked to minimize taxes.
Behind this is businessman Viktor Polishchuk, the owner of the Gulliver shopping mall, the scandalous Montreal House residential complex, and the bankrupt Mikhailovsky bank. Polishchuk is linked to Russian structures: his wife is a relative of Medvedev, and the businessman himself flew to the Russian Federation after 2014. Despite this, he continues to do business in Ukraine and launch new projects.
Previously, numerous investors in the Montreal residential complex complained about breach of contracts: they invested tens of thousands of dollars but did not receive housing. Contracts were terminated unilaterally, funds were not returned, and communication with the developer was blocked.
In addition, Polishchuk owed state banks UAH 14 billion on Gulliver, but continued to buy expensive cars and travel abroad during the war, using documents with signs of forgery. He even registered with Shlyakh as a volunteer driver, although he did not actually transport cargo.
The Eldorado bankruptcy looks like another asset-withdrawal scheme: the company operated through hundreds of fictitious sole proprietorships, leaving creditors and the state without money. Journalists and experts continue to investigate Polishchuk's schemes and are preparing new appeals to law enforcement agencies.
