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Shuster took out loan in Cyprus to buy house in Italy, tax inquiry not performed - Defence

Shuster took out loan in Cyprus to buy house in Italy, tax inquiry not performed - DefenceJournalist and television host Savik Shuster in 2008 signed a financial credit agreement with a resident of Cyprus to receive a credit to buy a house in Italy, and a tax inquiry was not performed on the issue, Shuster's lawyer Yaroslav Romanchuk has said.

"The financial credit agreement was signed in 2008 between a resident of Cyprus and Savik Shuster, a citizen of Canada. The credit agreement was not registered in the National Bank of Ukraine. The agreement is still in effect. It is not terminated, and limitation of action cannot be applied to it. The debt was not waived. The target of taking the credit funds was to buy a house in Italy," the lawyer said in a statement published on Thursday.

Read also: Ukraine's SEO denied journalist Savik Shuster work permit, then suspended its decision

Romanchuk said that legal relations between the two individuals were outside Ukraine. The funds to buy the house were arrived to the Shuster's account in Italy and did not come to Ukraine.

"The tax inquiry on the issue was not performed. Income tax was not accrued as there was no taxable item," he said.

Read also: Journalist Savik Shuster involved in case on evading taxes - Ukraine's State Fiscal Service

The lawyer said that the criminal case being investigated by the financial investigation department of the main department of the State Fiscal Service in Kyiv was opened under a claim of a lawmaker. The procedural status of Shuster is witness, and he is not suspected of doing anything.
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