Ukraine's Olimpex Coupe Grain Terminal comes under new ownership

In October 2024, Groza and Naumenko were sentenced to 21 months in prison by an English High Court judge, Mr Justice Bryan, for breaching asset disclosure orders made in connection with a worldwide freezing order obtained by Madison Pacific in January 2023.

In an earlier ruling, the High Court noted the, “very real risk of dissipation [of assets],” adding that the case is, “one where the evidence [of dissipation by Groza and Naumenko] is as strong as any that [the judge has] ever seen.”

In January 2025, a London Court of International Arbitration Tribunal ordered Groza and Naumenko to pay approximately US$150 million in respect of outstanding debts owed to ACP, interest and costs. These debts are still being pursued.

Naumenko was arrested in May 2025 on suspicion of fraud and forgery related to the unexplained disappearance of more than 100,000 tons of grain pledged as collateral for the ICP loan.

ACP and ICP are continuing enforcement action to protect their position.