Oleksandr Yefremov

MP, Party of Regions faction leader in the Verkhovna Rada (Ukraine's parliament).

Oleksandr Yefremov has been Chairman of the Party of Regions in the Verkhovna Rada (Parliament) of Ukraine since 2012. He was Deputy of Viktor Yanukovych, who headed the Party of Regions until he was elected President. Yefremov is member of the Committee on Regulations, Deputy Ethics and Ensuring Work of the Verkhovna Rada of Ukraine.
Before his election to Parliament, Oleksandr Yefremov headed the Luhansk Regional State Administration (1998-2005). In 1997-1998, Yefremov was Deputy Chairman of the Lugansk Regional Administration.
"As head of the Regional State Administration, Oleksandr Yefremov, along with several business partners, bankrupted and destroyed a network of economically viable industrial enterprises in the region through a series of financial and political schemes and machinations, leaving thousands of workers jobless in the mining and construction industry.
The money laundering schemes using funds from the budget of this politician’s business group have not particularly changed during Yefremov’s term of office as national deputy from the Party of Regions.
As of January 2014, Oleksandr Yefremov’s business interests have been centered on companies that can be sorted into two groups:
- the Financial Group, which ensures asset management and is controlled by the holding company – TBM Holdings, Inc, registeredin the state of Nevada, U.S.
- the Industrial Group, which earns billions ofhryvnias (UAH) through public procurement, by supplying various products and services to state-owned enterprises in Luhansk Region." - (source - yanukovich.info)

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