Contents tagged with Privatbank
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U.S. Justice Department accuses Ukrainian oligarch Kolomoisky of laundering millions of dollars
The U.S. accused Ukrainian oligarch Igor Kolomoisky of embezzling billions of dollars from PrivatBank and using a huge number of companies to launder that money in the United States and around the world.
The U.S. Department of Justice intends to confiscate two commercial real estate objects, which the oligarch allegedly purchased with stolen funds from PrivatBank, announced the press service of the U.S. Department of Justice on Thursday, August 6.
It is noted that the complaint was also filed …
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Oligarch Kolomoisky returns to Ukraine
The Ukrainian oligarch Ihor Kolomoisky has flown to Ukraine from Israel, theBabel reports. He arrived at the Dnipropetrovsk Airport on a Privat Group plane with the registration number UR-PRT.
Kolomoisky confirmed that he has “returned” to Ukraine. When asked what he would do first, he responded that he does not know.
The Ukrainian-Israeli oligarch had said previously that he intends to return to Ukraine after the inauguration of President-elect Volodymyr Zelensky.
Yuriy Butusov, director-in- …
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Ukrainian Prosecutor General's Office begins investigation into Poroshenko's possible interference in PrivatBank case
The Prosecutor General's Office of Ukraine published information on the beginning of pre-trial investigation under article "Interference in the activities of the judiciary." The decision to open an investigation was made after the statement of judges of Kyiv District Administrative Court (KDAC), who complained of pressure from ex-President Petro Poroshenko, as well as the heads of the Ukrainian Ministry of Justice and the National Bank, the press service of the court reported.
The judges …
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Ukrainian oligarch Kolomoisky promises to return to Ukraine if Zelensky wins elections
In an interview with journalists from the program “Schemes: Corruption in detail”, exiled Ukrainian oligarch Ihor Kolomoisky promised to return to Ukraine if Volodymyr Zelensky wins the second round of Ukraine’s presidential elections.
When asked whether he would return if the actor Zelensky is elected president, Kolomoisky responded: “Well of course. I was already intending to return, but now there are all kinds of situations… I had plans to return to Ukraine between the first and second …
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Kyiv injects $550 million capital into Ukraine’s PrivatBank
Ukraine’s Ministry of Finance has completed the fourth stage of the additional capitalization of Kyiv-based PrivatBank by issuing domestic government bonds worth UAH 16 billion ($570 million USD) covered by the bank’s shares, the Ministry’s website reports.
The Ministry of Finance stated that the recapitalization of the bank to UAH 38.5 ($1.38 billion USD) was in accordance to the Cabinet of Ministers’ decision of June 23, 2017. The decision was based on proposals by Ukraine’s National Bank ( …
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English High Court issues order to freeze assets of former PrivatBank owners
The High Court of England has issued an order for a global freeze of assets held by former PrivatBank owners and managers Ihor Kolomoyskyi and Gennadiy Bogolyubov. The assets are valued at more than $2.5 billion, according to a press release from Privatbank obtained by RBC.
The bank confirmed that it had started a trial in the High Court of London. According to the report, on December 19, 2017, the High Court of England issued an order for a global freeze on the assets of Kolomoyskyi and …
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Ukraine received 400 lawsuits after nationalization of Privatbank
More than 400 lawsuits have been filed since the nationalization of Privatbank against the National Bank (NBU), the Ministry of Finance and Privatbank itself, as mentioned at a briefing by Deputy Head of the NBU, Kateryna Rozhkova.
"Today we have more than 400 lawsuits against the NBU, Privatbank and the Ministry of Finance, all of which are connected to the process of nationalization in one way or another. Such a large number of lawsuits indicate a frank reluctance by former owners of …
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Media: National Bank of Ukraine transferred data on Privatbank's clients to Moscow
The officials of National Bank of Ukraine (NBU), handed over all data on PrivatBank (PB) clients to Moscow, Oleksandr Dubinsky, the host of the program Groshi (Money), wrote on Facebook, citing personal sources.
"Complete data on all clients of PrivatBank, with the permission of the NBU, was transferred to certain servers in Moscow by company Kroll, which audits PrivatBank," he wrote, noting that the Russians were interested in the database of participants of the Ukrainian military operation …
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Head of the National Anti-Corruption Bureau of Ukraine: PrivatBank is under special monitoring due to large losses to the state
The case of PrivatBank is under the special control of the National Anti-Corruption Bureau of Ukraine (NABU), since there is a great danger of causing large losses to the state, stated the head of the NABU, Artem Sytnyk, in an interview with Radio Liberty.
"The business of PrivatBank has been taken under special control. This is because there is great danger of the infliction of large losses to the state, since the bank's shareholders have not yet fulfilled their obligations - they did not pay …
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National Bank of Ukraine removes PwC from auditor registry for inaccurate audit of PrivatBank
The National Bank of Ukraine (NBU) has removed PricewaterhouseCoopers (PWC) from the registry of auditing firms which have the right to audit banks.
The relevant decision was made on July 20 by the NBU’s executive board on the basis of a request from the Committee on matters of bank auditing, the NBU’s press service reported.
The announcement points out that the reason for the decision was the fact that PWC affirmed inaccurate information about the financial-economic activity of PrivatBank ( …