"After I became president, I handed over asset management to corresponding consulting and law companies. I am the head of state in Ukraine and I take filing and paying taxes as well as conflicts of interest seriously," Poroshenko tweeted.
The International Consortium of Investigative Journalists (ICIJ), which disclosed the alleged proofs of Poroshenko’s offshore activities, published response from his financial advisers who said that neither Prime Asset Partners nor two other related companies in Cyprus and the Netherlands held any assets.
Advisers said that the company was part of a corporate restructuring to help sell Poroshenko’s Roshen confectionery group. Although the president is the shareholder, they said, his shares are managed by a licensed asset management company and have been held by an independently managed fund.
