Privatbank reported a “undeniable victory” in the English court over former owners

On July 30, the Ukrainian Bank of PrivatBank reported on a victory in the case that heard in the English court and concerned the former owners of the financial institution.

PrivatBank won an undeniable victory in a multibillion -dollar English trial against Kolomoisky and Bogolyubov, ” – he was in press servicewhich first did not contain details.

Reuters also reports the Victory of PrivatBank.

Subsequently, Privatbank specified that it was a “very complex scheme for translation”, with the help of which the defendants managed to assign large sums of money.

The Bank filed a lawsuit with Kolomoisky and Bogolyubov in December 2017, one year after the nationalization of the bank. The PrivatBank claim stated that former owners, from 2013 to 2014, transferred $ 1.9 billion through “fictitious” loans and counterfeit trade documents to the accounts of companies under their control in the UK.

On July 30, Judge William Trouleler made a decision in favor of the bank, stating that the defendants bear “solidarity and individual liability” for the stolen amount, except for any amount previously received by the bank. Both Kolomoisky and Bogolyubov had previously denied guilt, stating that the case was politically motivated.

Igor Kolomoisky has been in Ukraine under the arrest of September 2023 on suspicion of fraud. In May 2024, he was also accused of ordering. According to investigators of Ukraine, Bogolyubov left the country about counterfeit documents about a year ago to avoid arrest on charges of corruption.

Before nationalization in 2016 from Privatbank were withdrawn Tens of billions of hryvnias on bubble companies-agreements with companies were signed at a time when Igor Kolomoisky was owned by the bank.

PrivatBank began the trial in the United Kingdom, arguing that it was because of the British firms that part of the bank was withdrawn from the bank. And in the United States, according to the current management of Privatbank, Kolomoisky and Bogolyubov acquired real estate and other assets at the expense of the bank’s appropriated funds.

As before noted “Schemes”the consideration of the claims of Privatbank in international courts created inconvenience for former owners. For example, the London court has frozen the assets of Kolomoisky and Bogolyubov around the world. The US lawsuit initiated by Privatbank can be threatened by businessmen in general.

PrivatBank is the largest bank in Ukraine. Prior to the nationalization of 2016, its beneficial owners were Igor Kolomoisky (49.98%) and his business partner Gennady Bogolyubov (41.58%), which directly or indirectly owned more than 91.5 percent of the shares. Another 8.5 percent belonged to the minorities, including management, headed by the then President of the Board Alexander Dubilet.

In December 2016, the Government of Ukraine on the proposal of the National Bank and shareholders of Privatbank, the largest of which at that time were Igor Kolomoisky and Gennady Bogolyubov, made a decision to nationalize this largest financial institution in the Ukrainian market.

The Bank has become state -owned, and the state spent more than UAH 155 billion on its precapitalization.

According to the NBU, at least $ 5.5 billion has caused the nationalization of Privatbank.