Good News. Privat Bank fraud still being investigated

A new court ruling in PrivatBank’s lawsuit against its former owners provides the first inside look at the court case, which has already seen Ukrainian oligarchs Ihor Kolomoisky and Gennadiy Boholyubov lose access to $2.5 billion in assets after a global asset freeze.

Judge Joanna Smith of the High Court of Justice in London ordered three companies linked to Ihor Kolomoisky and Gennady Bogolyubov’s Privat group to give up detailed information surrounding a series of loan agreements with the oligarchs’ former bank.
The contracts are alleged to be at the center of a massive embezzlement scheme that drove the bank to the brink of collapse in December 2016, when the Ukrainian government nationalized it to fill a $5.6 billion hole at the lender.
https://www.kyivpost.com/business/london-court-ruling-sheds-light-2-5-billion-privatbank-lawsuit.html

Leave a Reply