Gazeta.ua citing a confidential source close to the deceasedreports that 58-year-old Oleksandr Savchuk died on November 11 inFrance where he was residing and undergoing treatment.
"As far as I know tomorrow (November 13) a plane will fly fromDonetsk to the funeral. Oleksandr was treated there. He has beenfighting illness for the past 10 months. He has not been seen atthe plant for about a year. His family is living in France - hiswife Svetlana, daughter Taisiya. There he will be buried," said thesource.
Savchuk was Azovmashinvest Holding president and the presidentof JSC Azovmash. He was also the president of Azovmash basketballclub. He was considered one of the richest people in Ukraine.
In 2011, the Correspondent estimated his assets at $ 54 million(94th place in the top 100 richest people in Ukraine). Butaccording to the Forbes magazine, the properties of the lateOleksandr Savchuk in March 2011 amounted to $ 867 million whichallowed the man to join the 30 richest Ukrainians.
In the current year Focus magazine estimated his worth at $ 445million.
Mariupol enterprise Azovmash is one of the local giants alongwith steel mills. Savchuk came to Azovmash in 1987. He began fromthe deputy head of the department. In those days, Azovmash, asSavchuk said himself was a strategic enterprise with 40% of itsvolume being defense orders.
Along with the advent of Yanukovych to the post of the head ofDonetsk oblast in 1997 Oleksandr Savchuk became General Director ofAzovzagalmash. In 2000 he headed Azovmash JSC (which joined JSCAzov and JSC Azovzagalmash). In 2006 he became the president ofAzovmash.
In 2010, Savchuk became the president of Azovmashinvest Holding- one of the major engineering and machine building giants inUkraine, a known supplier of railway freight cars.
2 years ago Savchuk was a single owner of Azovmash. He boughtthe state-owned shares of the enterprise. But last year Azovmashwas officially declared a part of the family business of anotherinfamous Regions deputy - Yuriy Ivanyushchenko. It was reportedwith an addition: "for about a year." The information was confirmedby Savchuk himself at his press conference. He told the reportersthat he is immensely pleased by the "arrival of a powerfulinvestor."
Savchuk became a Regions deputy in 2006. From 1979 to 1991 hewas in the ranks of the Communist Party. In 2006 he joined theparty list in parliamentary elections, and was a deputy chairman ofthe Committee on Transport and Communications. In 2007, he wasincluded in the party list under the number 32 and elected a deputyas well as being a member of the Committee on Transport andCommunications.
This year, the party did not take Oleksandr Savchuk to theparliament. At least he was not in the first hundred on the listthat could claim a seat.
His work as a parliamentarian is shown by the following figures:Oleksandr Savchuk missed 98% of its committee sessions. In 5 yearsof being in parliament he proposed 2 bills which were notsupported. He was never seen at the podium of Verkhovna Rada.
Oleksandr Savchuk provided financial help sponsoring varioustprojects, wrestlers in particular (which in post-Soviet era usuallymeans ties to criminal world). He sponsored the holding ofGreko-Roman wrestling championships. During the years of hisleadership Mariupol basketball rose to prominence with Azovmashfrequently becoming the champion of Ukraine. Savchuk spent millionson basketball every year.
At the same time, they say, that the salary of workers inAzovmash was lower than the industry's average. Savchuk was one ofthe largest bank debtors. His debt was estimated at $550 million.By media reports which were not denied he has established a schemeof asset movement to offshores conceiving millions of dollars.
In April 2011, there was information that Oleksandr Savchuk wasallocated several acres at the seaside park of Mariupol where hebuilt a house worth 20 million dollars. At that Savchuk, as thejournalists found out, is the owner of a mansion on the Chauveaustreet in Paris (estimated price 30 million dollars.), he owns avilla on Belosarayskaya spit on the Azov Sea and an apartment inMariupol. However, in 2007, he filed free parliamentary apartmentin the capital.
The millionaire allegedly owns a yacht and an aircraft worth $27million. He bought a Russian art gallery for his daughter Taisiyafor $ 10 million. His family collection of paintings is estimatedat 20 million dollars.
In July 2011 the name Savchuk made the headlines in connectionwith a major fraud. He bought over 18 paintings and paid 9.58million to some Russian immigrants, and the pictures turned out tobe fake.
Ukrainian President Viktor Yanukovych expressed his condolencesto the family on the death of Oleksandr Savchuk.