Kolomoisky has been notified of new charges: what is he accused of?
1 May 13:09
The Security Service of Ukraine (SBU) and the Office of the Prosecutor General have announced new charges against businessman Ihor Kolomoyskyi. He is accused of embezzling hundreds of millions of hryvnias from PrivatBank. This was reported by "Komersant Ukrainian", citing the SBU press service and RBC-Ukraine.
The SBU did not name the businessman against whom the charges were filed, but according to media sources, it is Kolomoyskyi.
According to the case file, in 2014, Kolomoyskyi and individuals associated with him illegally appropriated over 100 million hryvnias belonging to PrivatBank, a financial institution under their control.
As the investigation established, the financial scheme involved withdrawing credit resources and disguising their subsequent movement as legitimate financial transactions.
According to the case materials, companies under their control received loans from the bank without adequate collateral and without a real business purpose. Subsequently, these assets passed through a series of legal entities and individuals, creating the appearance of normal financial transactions.
According to the prosecution, some of these assets eventually ended up in the personal accounts of the scheme’s organizers under the guise of contract fulfillment.
In particular, in December 2014, hundreds of millions of hryvnias were transferred to the suspect’s personal account from a company under his control.
It has been established that as a result of these actions, the bank suffered losses amounting to over 100 million hryvnias. The exact amount of the losses is being determined during the pre-trial investigation.
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According to preliminary data, the source of this amount was the bank’s credit resources, which were used in a so-called “re-lending” scheme through a chain of controlled companies.
According to the investigation, bank officials, managers of controlled enterprises, as well as other legal entities and individuals who facilitated the transfer of assets and the documentation of transactions may have been involved in the scheme.
SBU investigators and prosecutors from the Office of the Prosecutor General notified the former beneficial owner of one of Ukraine’s largest banks of suspicion under Part 4 of Article 190 of the Criminal Code of Ukraine (as amended by the Law of April 15, 2008) — fraudulent appropriation of another person’s property on an especially large scale, committed as part of an organized group.
The penalty under this article provides for imprisonment for up to 12 years. The pre-trial investigation is ongoing.
The Kolomoyskyi Case
As a reminder, businessman Ihor Kolomoyskyi is currently involved in several criminal cases.
Ukrainian law enforcement agencies, in particular, have charged him with fraud and the legalization of proceeds obtained by criminal means as part of a criminal investigation into money laundering and the illegal use of funds through the banking infrastructure.
Additionally, the High Court of England previously ruled that former PrivatBank owners Ihor Kolomoyskyi and Hennadiy Boholyubov must pay the bank over $3 billion.
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