An investigation found that more than $8.5 million was earmarked for the construction of the "Dynasty" housing cooperative

More than $8.5 million was initially earmarked for the construction project of the “Dynasty” cooperative. 

This is detailed in journalist Tetiana Nikolaienko’s article “How ‘Dynasty’ Was Built: Land at Half Price, Sand from a Cemetery, and Two-Shift Work.”

According to the investigation, the land plot acquired for development was transferred to the management of the “Sunny Beach” cooperative and later to the company “Aktiv Technolodzhi” for construction work.

The journalist notes that during the investigation, law enforcement officers allegedly discovered a preliminary financial plan for the project on the computer of one of the representatives of the “Sunny Beach” cooperative.

“On the computer seized from one of the representatives of ‘Sunny Beach,’ Nikolayenko, detectives found a preliminary financing plan that amounted to $8,524,548,” the article states.

The investigation also describes the circumstances of the construction, the use of materials, and the organization of work at the site.

President Volodymyr Zelenskyy has not been and is not being implicated in the pre-trial investigation into the money laundering case involving the “Dynasty” cottage community.

New details have emerged in the investigation into the “Dynasty” cottage community in Kozin. MP Yaroslav Zheleznyak stated that sand allegedly illegally extracted from a cemetery in the city of Ukrainka, Kyiv Oblast, could have been brought to the construction site. The case is being investigated by NABU and the SAPO in connection with the laundering of over 460 million hryvnias.

Natalia Kvelenkova is named in the criminal proceedings against former Head of the President’s Office Andriy Yermak as the trusted representative who oversaw the construction of his private residence.