US EditionUK Court Says Oligarch Looted $1.9bn From Ukrainian Bank
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Ukrainian billionaire Igor Kolomoiski, who was close to President Volodimir Zelenski and later dropped to the ground, was found guilty of British justice for deploring approximately 1.9 billion pounds of sterline (2.2 billion euros) from the Ukrainian PrivateBank bank, which was co-owned before their nationalisation, reported AFP.
UK court says oligarch looted $1.9bn from Ukrainian bank
LONDON - The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they “unlawfully” appropriated from a Ukrainian bank they owned, London’s High Court ruled Wednesday.
The High Court of London has officially found Igor Kolomoisky and Gennady Bogolyubov guilty of appropriating about $2 billion from Privatbank due to a complex refinancing scheme. Some of the funds were transferred to counterparties in 2013-2014
The High Court of London has put an end to the issue of the legality of the nationalization of PrivatBank. According to the court's decision, former shareholders Igor Kolomoisky and Gennady Bogolyubov must pay the bank more than $1.9 billion, but they have the opportunity to appeal. RBC-Ukraine recalls the history of the nationalization of PrivatBank and the litigation surrounding this case. The High Court of London ruled in favor of the bank in…
Ukrainian billionaires lost a UK court case over a $1.9B bank fraud.
The case involves Ukrainian oligarchs who lost a London court decision related to a scam that drained billions from state-owned Privatbank PJSC. In 2017, the bank sued former billionaires Igor Kolomoisky and Gennady Bogolyubov, accusing them of funneling $1.9 billion through fake loans and trade documents to secretly owned companies in England and the British Virgin Islands in 2013-2014. Judge William Trower described their actions as a “highly …
A Ukrainian billionaire and his business partner have been convicted in Great Britain for embezzling €1.9 billion in banking transactions. Kolomoisky, 62, is one of the richest men in the country and was formerly close to President Volodymyr Zelenksy.
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