Millions in Horbali’s orbit: how Plysetskyi Quarry has been avoiding paying back its debts to the state bank and dodging taxes for 20 years

Millions in Horbali’s orbit: how Plysetskyi Quarry has been avoiding paying back its debts to the state bank and dodging taxes for 20 years

While the country needs every penny to support defenders at the front and assist civilians suffering from Russian shelling, "big business" profits from national resources, evading tax payments. A group of businessmen from the "Plysetskyi Granite Quarry" in the Kyiv region has been in no hurry to repay a debt of nearly 100 million UAH to the state-owned "Ukrgazbank" for over 20 years, closely linked to the orbit of former MP Horbal.

As the editorial team of StopKor learned from the court registry, law enforcement is investigating criminal case No. 72023110100000005 dated 20.09.2023 for signs of a criminal offense under Part 3 of Article 212 of the Criminal Code of Ukraine (Tax evasion resulting in the actual non-receipt of funds to budgets or state target funds in especially large amounts).

The essence of this case lies in the alleged tax evasion by officials of LLC "Plysetskyi Granite Quarry," which, since 2022, has been using the details of LLC "Granit Mobil Pererobka Plus" and other enterprises to evade payment of rent tax totaling 3,524,604 UAH by understating the actual selling prices of granite, as well as evading VAT payment totaling 19,334,875 UAH.

What is known about LLC "Plysetskyi Granite Quarry"?

According to the information and analytical system YouControl, the director of the company is Nesterenko Mykhailo.

Main KVED: 08.11 – Extraction of decorative and construction stone. Location: Kyiv region, Vasylkiv district, village of Plesetske. Ultimate beneficial owner – Dubinina Valentyna. Share – 94.4%, direct decisive influence. Founders (participants):

* Dubinina Valentyna – ~94.4%

* Stadnik Valentyn – ~5.45%

* LLC "Plysetskyi Granite Quarry" (own share) – ~0.15%

The company holds a special permit for the use of subsoil (for granite extraction) No. 3871 (valid until 2038), which allows mining at the Plysetsky deposit.

The enterprise has been featured in journalistic investigations regarding illegal sand extraction.

As reported by Obozrevatel in 2019, a possible scheme of subsoil theft by the "Plysetskyi Granite Quarry" enterprise was uncovered in the village of Plesetske, Kyiv region. This was reported by the "Ukrainian Association of Sand Extractors" (UASE):

"This enterprise is the closest to Kyiv among all granite quarries. This fact makes it more profitable and economically powerful. However, despite this, enterprising businessmen are not deterred by superprofits. Back in 2018, when the LLC extended the validity of its special permit, it was noted that another mineral – sand – was discovered on the quarry’s territory. This information was included in the special permits. However, a separate special permit for sand extraction has not been obtained. In other words, the sand is there, but it cannot be extracted or sold."

The StopKor team has also repeatedly documented unauthorized activities in the village of Plesetske near the granite quarry, where illegal sand extraction was carried out by the sand "illegal" Valeriy Samofal.

Despite numerous scandals and a criminal case, LLC "Plysetskyi Granite Quarry" continues to operate and profit from Ukrainian resources. According to published financial statements, the company’s revenue for the first three quarters of 2025 exceeded 83 million UAH.

At the same time, the story of this entity’s debt to the state-owned "Ukrgazbank" has been dragging on for over two decades.

As of 2020, the total debt for all obligations to the bank amounted to 92.8 million UAH. As reported by "Ukrgazbank," for nearly 15 years, the bank accommodated the borrower, concluding settlement agreements and offering debt restructuring terms. During this time, the debtor has not fully repaid any of the debts. The last voluntary repayment was made in December 2018 in the amount of 200,000 UAH under a settlement agreement approved in 2015. Moreover, due to the debtor’s systematic failure to comply with the terms of settlement agreements, the bank was forced to initiate enforcement proceedings and start the process of forced debt collection.

Incidentally, in 2019, new settlement agreements were concluded between the bank and the debtor, but the debtor itself rejected them in court. According to the debtor, the three-year period established by law for presenting an enforcement document for forced execution is insufficient, and it unilaterally refused to fulfill its obligations. In the same year, the bank resumed forced debt collection measures under the settlement agreements through enforcement proceedings.

In particular, on 31.01.2020, the debtor’s discovered assets were sold at SETAM auctions. However, for the excavators mentioned in the article, buyers have been unable to pay the cost, as the debtor resists the private executor and does not provide access to this property. Furthermore, the debtor is attempting to illegally transfer it to affiliated companies.

Notably, besides the multimillion-dollar loan, LLC "Plysetskyi Granite Quarry" and its founders are linked to "Ukrgazbank" through another connection.

Thus, business partner of Stadnik Valentyn in the company LLC "GMP+" is a certain Levada Serhiy.

Serhiy Levada, according to Zaxid.Net media, is known as a close associate and former assistant to the ex-head of Lviv Regional State Administration Vasyl Horbal, as well as a Kyiv developer. He is currently planning to open a 200-room hotel complex in Bukovel. The land on which the construction is taking place was previously taken from a local forestry enterprise through a questionable scheme.

And Vasyl Horbal, in turn, is a long-standing honorary president of the Public Joint-Stock Company Commercial Bank "Ukrgazbank."

Thus, a number of uncomfortable questions arise:

• Why does an enterprise that has been evading taxes for years and failing to repay a state loan continue to operate and earn superprofits?
• Why are competent authorities unable to effectively force the debtor to fulfill obligations to the state bank, even after numerous settlement agreements and enforcement proceedings?
• Is there no conflict of interest in the "scheme" with a loan that a company affiliated with Horbal’s former assistant received from a bank in his orbit?

• Will an end be put to systemic schemes of illegal subsoil extraction in the Kyiv region, which harm the economy and state interests?
• Why must the state and society tolerate the fact that funds crucial for the budget are not directed to defense and assistance for victims, but instead end up in the pockets of oligarchs and debtors?