Stepan Chernovetskyi - Ukrainian businessman, investor, founder of Chernovetskyi Investment Group. In May 2006, he became the president of the Supervisory Board of "Pravex Bank". The shareholders decided to sell the bank in 2007. Stepan Chernovetskyi negotiated the deal with an Italian banking group Intesa Sanpaolo. In February 2008, "Pravex Bank" was sold for $ 750 million.
Business
Оwner of "Elite Boxing Promotion", a company which organizes boxing tournaments and engages in the development of boxing in Ukraine. Their leading boxer Victor Postol is an ex-WBC light-welterweight world champion.
Owner and the president of Chernovetskyi Investment Group. Founded in 2013, CIG invests in the IT projects focusing on e-commerce, infrastructure, health care, and agriculture. Investment potential of over $ 100 million..
In 2018, the Focus magazine named Stepan Chernovetskyi among 100 richest people in Ukraine. Together with Leonid Chernovetskyi, he holds the 20th position in the rating with their joint assets estimated at $ 353 million. According to the business magazine Focus, in 2019, Stepan and Leonid Chernovetskyi ranked 21st among Ukraine's wealthiest individuals with a combined net worth of $423 million.
Politics
In 2008 and 2009, Stepan Chernovetskyi was a representative at the Kyiv City Council and a member of the "Leonid Chernovetskyi Bloc" party. He participated in the Commission on budget and socio-economic development. He left the office before the end of term. As of September 2018, Stepan Chernovetskyi does not belong to any political party.
In August 2016, the Barcelona Court of Appeal discharged Stepan Chernovetskyi from custody citing insufficient evidence in the detention report. In October 2019, the court in Barcelona closed a criminal case against Stepan Chernovetskyi establishing the legal origin of his investments in Spain and lack of evidence of criminal offense. The Spanish media reported that the case against Stepan Chernovetskyi was closed, in particular, on the basis of forensic reports on origination of funds. The Public Prosecutor's Office filed an appeal against decision of the Barcelona Court of 30 October 2019 which closed the criminal case against Stepan Chernovetskyi. On 1 July 2020, the Barcelona Court of Appeal rejected the Prosecutor’s appeal and upheld the Barcelona court’s decision of 30 October 2019. The Barcelona Court of Appeal confirmed the legal origin of investment made by Stepan Chernovetskyi in Spain. In its decision, the Court indicated that there was no evidence of any connection between the invested funds and any criminal offenses.
