Ivan Mykolayovych Guta, sometimes transliterated as Huta, ( uk, Іван Миколайович Гута) is a

Ukrainian Ukrainian may refer to: * Something of, from, or related to Ukraine * Something relating to Ukrainians, an East Slavic people from Eastern Europe * Something relating to demographics of Ukraine in terms of demography and population of Ukraine * So ...

entrepreneur and co-founder of Mriya Agro Holding Public Limited, one of Ukraine’s largest grain producers. He defaulted on his debt in 2014 after the family had moved over $200 million into shell companies for their own benefit.

Career

In the early 1990s, Guta and his wife Klavdiya received 50 hectares of arable land in the

Ternopil Ternópil ( uk, Тернопіль, Ternopil' ; pl, Tarnopol; yi, טאַרנאָפּל, Tarnopl, or ; he, טארנופול (טַרְנוֹפּוֹל), Tarnopol; german: Tarnopol) is a city in the west of Ukraine. Administratively, Ternopi ...

region of western Ukraine from the Ukrainian government. In 1992, they founded Mriya Agro Holding. In 2010 or in 2008, their son Mykola took over the business. He made an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

of shares on the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (german: link=no, Börse Frankfurt, former German name – FWB) is the world's 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Locat ...

. By 2010, the company exported its products to more than 20 countries, and total capitalization reached $1.1 billion. From 2010–2013, the company received $175 million loans from the World Bank Group’s

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of t ...

and $24 million from the

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focus ...

to finance its working capital. By 2012, Mriya Agro Holding had expanded to almost 300,000 hectares of land. By 2014, Mriya Agro Holding had supposedly expanded to 320,000 hectares in six regions of Western Ukraine. In August 2014, Mriya reported being unable to pay about $9 million of interest and $120 million of debts. The total amount of debt to the companies affiliated with the Huta family amounted to $1.3 billion.

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

was owed €40 million and

Credit Suisse Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...

itself was owed almost €13 million.

Personal life

Guta and his wife Klavdiya have two sons, Andriy and Mykola Guta. Mykola was extradited to Ukraine in 2018, but returned to Switzerland. As of 2022, all live in Switzerland.

Controversy

According to the 2022

Suisse secrets Suisse secrets was a February 2022 leak of details of more than CHF 100 billion (roughly US$108.5bn, €95.5bn or £80bn) held in nominee accounts linked to over 30,000 clients of Credit Suisse, the largest ever leak from a major Swiss bank. ...

data leak, the family moved over $200 million of the company’s money into Cypriot

shell companies A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or s ...

. In 2019 Cyprus had European arrest warrants issued against the Gutas, and in 2020 an international

Red Notice An Interpol notice is an international alert circulated by Interpol to communicate information about crimes, criminals, and threats by police in a member state (or an authorised international entity) to their counterparts around the world. The in ...

References

{{DEFAULTSORT:Guta, Ivan 1956 births Living people People from Ternopil Oblast Ukrainian food industry businesspeople Crime in Ukraine Ukrainian emigrants to Switzerland