The Ukrainian company Fire Point, which produces missiles and drones for the Defense Forces of Ukraine, was established through private investments from its co-owners. The total amount of invested funds was approximately $2 million, and all financial transactions were carried out officially and within the framework of Ukrainian legislation. This was stated by Fire Point co-owner and designer of the "Flamingo" missile, Denys Shtilerman, during a meeting of the Verkhovna Rada Temporary Special Commission investigating possible violations of defense and anti-corruption legislation and the observance of rights and freedoms during martial law, UNN reports.
During the meeting, Member of Parliament Oleksiy Honcharenko inquired about the amount of private investment that was put into the creation of the company.
"Somewhere up to 2 million dollars," Shtilerman replied.
To a follow-up question on whether these were exclusively the funds of the company's founders, the Fire Point co-owner confirmed that the financing was carried out using the partners' own resources.
"Yes, it's our money. Part of it was a contribution to the authorized capital, and part of it was a loan. The loans have been repaid," Shtilerman explained.
According to him, the loans were provided to the company by the founders themselves as individuals, and the entire financing structure was official and transparent. Furthermore, during the TSC meeting, Shtilerman emphasized that Fire Point fundamentally works only with legal funds and does not agree to cooperation involving financing of dubious origin. According to him, this explained the refusal to sell a stake in the company to businessman Timur Mindich.