Kolomoisky was charged with embezzling more than 9 billion hryvnia from Privatbank

In Ukraine, businessman Igor Kolomoisky was charged with embezzling 9.2 billion hryvnias (about $250 million at the exchange rate on September 7) from Privatbank. About it reported National Anti-Corruption Bureau of Ukraine (NABU).

From January to March 2015, Kolomoisky “developed a plan to seize the funds of PJSC CB Privatbank in order to further finance a controlled offshore company and increase his own share in the bank’s authorized capital,” NABU reports.

The bank, according to the bureau, was artificially ordered to pay “a controlled company more than 9.2 billion hryvnia” under the pretext of “repurchasing its own bonds at an inflated value.” In addition to Kolomoisky, the former chairman of the board of Privatbank, the deputy head of the direction – the director of the bank’s interbank dealing department, the deputy chairman of the organization’s board, and others are involved in the case.

Now the entrepreneur is in a pre-trial detention center on the case of illegal withdrawal of more than $13 million. According to the Security Service of Ukraine (SBU), Kolomoisky legalized funds in the period from 2013 to 2020, taking them abroad using controlled banking institutions.

In the fall of 2022, NABU officers conducted searches at Kolomoisky’s in the case of taking over the property of the Ukrnafta company and fraud with Ukrtatnafta. In November of the same year, both companies were nationalized.