'Justice Prevails' as Ukrainian Oligarchs Ordered to Pay $3 Billion in Decade-Old PrivatBank Case

'Justice prevails' as Ukrainian oligarchs ordered to pay $3 billion in decade-old PrivatBank case

A London court ordered Ukrainian oligarchs Ihor Kolomoisky and Hennadiy Boholyubov to pay more than $3 billion in damages and costs on Nov. 10, marking a major milestone in an almost decade-long saga revolving around once Ukraine's most powerful oligarch. The decision concerns a case involving Ukraine's largest bank, PrivatBank, which the two oligarchs owned before it was nationalized in 2016 after the central bank discovered a $5.5 billion hole…

London orders PrivatBank oligarchs to pay Ukraine $3bn for largest bank fraud in country’s history

London Court Orders Kolomoisky and Boholiubov to Pay Ukraine JSC CB PrivatBank Over $3B in Damages

The High Court in London has ordered former owners of Ukraine’s largest state-owned bank, PrivatBank, to pay over $3 billion in a major fraud case.

London court orders ex-owners of PrivatBank Kolomoisky, Boholiubov to pay over $3 bln – bank

Former owners of PrivatBank, nationalized at the end of 2016, Ihor Kolomoisky and Hennadiy Boholiubov, are required to pay PrivatBank more than $3 billion in damages and legal costs.

Ukrainian oligarchs have been ordered by a London court to pay $3B in a fraud case.

A London judge mandated that two former Ukrainian billionaires pay over $3B after finding them liable for a fraud that caused billions in losses to the state-owned lender Privatbank. The bank sued Igor Kolomoisky and Gennady Bogolyubov in 2017, accusing the former Privatbank owners of channeling $1.9B through sham loans and trade documents to secretly owned companies in England and the British Virgin Islands between 2013 and 2014. Kolomoisky and…