Kolomoyskyi to Appear Before the High Anti-Corruption Court: High-Profile PrivatBank Case Referred to Court
6 August 22:40
The High Anti-Corruption Court (HACC) will hear one of the most high-profile cases in recent years — The Specialized Anti-Corruption Prosecutor’s Office (SAPO) has filed an indictment against Ihor Kolomoyskyi, the former ultimate beneficial owner of PrivatBank, and five former bank employees. They are accused of embezzling more than 9.2 billion hryvnias.
This was reported by "Komersant Ukrainian", citing the press service of the Specialized Anti-Corruption Prosecutor’s Office (SAP).
What Igor Kolomoyskyi Is Accused Of
According to investigators, in January–March 2015, the then-co-owner of PrivatBank organized a scheme that allowed more than 9.2 billion hryvnias to be illegally withdrawn from the bank.
The SAP claims that the goal was to:
- to finance a controlled offshore company;
- to increase his own stake in PrivatBank’s authorized capital.
According to law enforcement officials, five former high-ranking bank officials were involved in carrying out the scheme.
Who is involved in the case
In addition to Kolomoyskyi, the defendants include:
- the former chairman of PrivatBank’s board;
- the former director of the interbank dealing department;
- the former director of the treasury;
- the head of the interbank operations support department;
- the deputy head of the correspondent bank account services department.
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How the scheme worked, according to investigators
According to the Special Anti-Corruption Prosecutor’s Office (SAPO), the participants in the scheme created a fictitious obligation for the bank to pay a company under their control more than 9.2 billion hryvnias, ostensibly for the repurchase of its own bonds.
To do this, investigators claim, forged documents were used.
Law enforcement officials believe that part of the funds—over 446 million hryvnias —was laundered through a series of financial transactions with affiliated companies.
According to the investigation, these funds were transferred to Ihor Kolomoyskyi’s personal account and subsequently contributed to PrivatBank’s authorized capital as part of the bank’s financial recovery program.
The remaining funds, as noted by the SAP, were disposed of at the participants’ discretion.
When the case was opened
The first charges against the suspects were announced back in September 2023.
In July 2025, the pre-trial investigation was completed, and the indictment has now been officially submitted to the High Anti-Corruption Court, which will hear the case on its merits.
Kolomoyskyi is already in custody
As a reminder, Ihor Kolomoyskyi has been in a pretrial detention center since September 2023.
In addition to this case, the businessman is a defendant in several other criminal proceedings. In particular, he is suspected of embezzling 5.8 billion hryvnias by making fictitious cash deposits into PrivatBank’s cash register, as well as a number of other crimes, including attempting to organize a contract killing.
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