Ukrainian ‘oligarch’ hands over media empire to state ...News

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Ukrainian ‘oligarch’ hands over media empire to state
Owner says the “involuntary” decision was forced under President Zelensky’s “oligarch law” The largest private equity fund in Ukraine announced on Monday it was handing over its media holdings to the government in response to President Volodymyr Zelensky’s decree mandating the registration of “oligarchs.” The law mandated all individuals so designated to divest from all media ownership within six months, something SCM investment group head Rinat Akhmetov said was not possible amid the ongoing conflict. “I made an involuntary decision that my investment company SCM will exit its media business,” Ahkmetov said in a

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