The High Court of Justice in London (the UK), following sessions in early March, has issued a ruling obliging Rossyn Investing Corp., Milbert Ventures Inc and ZAO Ukrtransitservice Ltd, firms associated with Ihor Kolomoisky and Hennadiy Boholiubov, to detail the information on $1.9 billion worth of transactions with PrivatBank (Kyiv) funds received from other persons.
The National Bank of Ukraine (NBU) earlier claimed that prior to its nationalization in December 2016, PrivatBank was involved in large-scale and coordinated frauds, which caused at least $5.5 billion in damage. The NBU hired Kroll to audit PrivatBank.
After the nationalization, the bank became 100% owned by the state and UAH 116.8 billion (over $4.4 billion at the current rate) in additional capital was injected into it through the issue of government bonds and an exchange of them for the bank’s shares.
Late in June 2017, the Cabinet decided to inject another UAH 38.5 billion (almost $1.5 billion) into the bank on the basis of NBU proposals and conclusions by EY, which audited PrivatBank. The first tranche worth UAH 22.5 billion was allocated in July 2017 and another UAH 16 billion in December 2017.
