Relatives of former advisor to the head of the State Property Fund, Andriy Hmyrin, purchased luxury real estate in Dubai for at least $14 million between 2021 and 2023. These investments coincided with the NABU investigation into large-scale embezzlement at state-owned enterprises OPZ and OGHC, in which Hmyrin appears as one of the key participants.
According to journalistic investigations, the most high-profile purchases were made after NABU detectives announced the liquidation of the criminal organization led by Hmyrin and the then head of the State Financial Institution, Dmytro Sennychenko.
Who and what was bought in Dubai
One of the most notable episodes was the day when Volodymyr Kolot, the husband of Andriy Hmyrin's sister, registered nine apartments in Dubai at once. The total amount of these transactions exceeded $7.3 million. In the case materials, Kolot also appears as a co-owner of a company that received superprofits thanks to corruption schemes at the OPP.
In March 2023, Hmyrin himself purchased apartments in the Grande residential complex worth $1.3 million, but soon resold them.
The most expensive purchase was made back in February 2022: the wife of the SPFU adviser Anastasia Hmyrina invested $5.5 million in a luxury apartment with an area of almost 500 square meters in the Il Primo complex - literally a few minutes walk from the Burj Khalifa. Formally, the property is registered in the name of the official's mother-in-law, Tatyana Orlova.
Today, the Gmyrin family owns property in the UAE worth at least $5.5 million. Some apartments are leased out for long-term periods, until 2025–2026. This may indicate the family’s intention to stay in the UAE for a long time or to view these assets as a stable source of income.
NABU and SAPO continue to investigate suspicions against Hmyrin and Sennychenko. They are charged with creating a criminal organization and embezzlement of state property on a particularly large scale. The sanctions of the articles provide for up to 12 years of imprisonment.
Despite the high-profile revelations, not a single key figure in the case has been brought to justice. And the Dubai investments only increased public pressure on law enforcement officers and became further evidence of the scale of the scheme, which, according to the investigation, affected state-owned enterprises.
