7 May, 11:09
While Ukraine’s public sector digitalization earns global praise, a quiet ecosystem of privileged IT contractors has flourished behind the scenes. Our latest investigation reveals how one such company — GigaCloud LLC — secured over ₴812.6 million in state contracts, often without competition, and funneled profits offshore through familiar shell networks.
📦 Who is GigaCloud?
Based in Ukraine, GigaCloud LLC specializes in cloud infrastructure services — hosting government platforms, including servers behind Ukraine's digital public service flagship, Diia.
Since its founding, GigaCloud has won 685 public procurements, 620 of which were no-bid. Nearly half were commissioned by Diia-related entities, indicating a clear line of trust and dependency from the state’s digital flagship.
💼 The Man Behind the Cloud
Among GigaCloud’s owners is Oleh Viktorovych Polishchuk — a former MP from the now-defunct Lytvyn Bloc, one-time president of Fashion TV Ukraine, and notably, the husband of celebrity TV host Kateryna Osadcha.
Polishchuk controls 31.15% of GigaCloud. However, the trail of money doesn't stop in Kyiv.
🧾 Offshore Networks
Financial records show that dividends from GigaCloud are routed to TELLIANI LIMITED, a Cyprus-based offshore firm linked to Polishchuk.
TELLIANI shares its corporate director with ALTUS CITADEL MANAGEMENT LTD, a service firm specializing in offshore administration.
ALTUS has previously appeared in the registries of multiple Russian IT and regional business networks seeking offshore optimization — a preferred vehicle for clients aiming to reduce tax liability or obscure ownership.
🇲🇨 Monaco Ties?
At least one Ukrainian IT investor with ties to Monaco is also known to have used similar offshore arrangements — suggesting this is not an isolated case, but part of a broader trend.
📌 While Ukraine pushes for transparency and digital reform, the backend of its cloud infrastructure may still be rooted in shadowy financial practices — some of which mirror the strategies of the very states it seeks to distance itself from.