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Kiev Maidan Leader Uses Sanctions, Creates Godfather-Like Gambling Monopoly

© AP Photo / Anastasia Sirotkina, PoolUkrainian acting President Oleksandr Turchynov addresses the nation in a live TV broadcast in Kiev, Ukraine, Thursday, April 24, 2014
Ukrainian acting President Oleksandr Turchynov addresses the nation in a live TV broadcast in Kiev, Ukraine, Thursday, April 24, 2014 - Sputnik International
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Ukraine's security chief and former acting president Oleksandr Turchynov benefited from Ukraine's latest sanctions list by creating a monopoly for a gambling company linked to his family.

Ukrainian Security and Defense Council chief Oleksandr Turchynov used Ukraine's latest sanctions to benefit an associate of his family, Ukrainian media outlet Insider found.

Among the sanctioned Russian organizations, mostly banks and airlines, are two companies incorporated in Ukraine that are engaged in Ukraine's national lottery business. A total of three companies operate lottery businesses in Ukraine, with the two Russian-owned organizations controlling 95 percent of the market in 2013.

The publication followed a trail which links the Hungarian-registered corporation, whose records show it is headed by one Serhiy Pindych, to Turchynov's mother and wife who are listed as beneficiaries of another company owned by Pindych.

US Vice President Joe Biden is “extremely worried” about the scale of corruption in Ukraine. He warned Ukrainian President Petro Poroshenko and Prime Minister Arseniy Yatsenyuk that if the situation doesn’t change the United States will stop bankrolling the country, Ukraine’s Novoe Vremya reported. - Sputnik International
No More Money for Ukraine Unless Kiev Gets Rid of Corruption - Biden
According to Insider, Ukraine's government has fought the lottery business owned by Russian billionaire Mikhail Fridman, allowing the Turchynov-linked businesses to own nearly half of the market.

The new sanctions provide UNL Holding with a monopoly on the lottery market as the only other company licensed to operate lotteries, Ukraine's state-owned savings bank, has not used its license to operate the lottery. Despite all four companies' lottery licenses lapsing in 2014, they continued operating in Ukraine.

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