Contents tagged with Kolomoyskyi

  • Media: Former top managers of PrivatBank have left Ukraine to avoid investigation into the bank’s artificially created insolvency

    Former top managers of PrivatBank and members of its credit committee have long left Ukraine, while 11 persons involved in the PrivatBank case are on the international wanted list, reports in Zerkalo Nedeli ('Mirror Weekly').

    The publication writes that the case filed to bring PrivatBank to insolvency may reach a dead end.

    "How long has it been since the top management of the bank, like the members of the credit committee, appeared in public; and when was the last time they were seen in …

  • 43 elite apartments belonging to Ukrainian oligarch Kolomoyskyi to be auctioned in Crimea

    The Kremlin-controlled Crimean parliamentary committee on property and land relations approved the expropriation of 43 new apartments in Yalta which were previously nationalized by Russia as the property of the Ukrainian businessman Ihor Kolomoyskyi.

    There are plans to auction the real estate, starting at a price of 55,000 rubles ($922 USD) per square meter.

    “The expropriation will be realized through an open auction with participants and proposals being received. The adoption of the decision …

  • Ukrainian court has recognized the nationalization of PrivatBank as 'partially illegal'

    On May 17, the Kyiv District Administrative Court recognized the nationalization of Ukraine's largest privately owned bank, PrivatBank, which took place on the night of December 18, as partially illegal. The court considered the claim of six individuals against the National Bank (NBU), the Individual Deposits Guarantee Fund, the Ministry of Finance, and persons authorized to perform interim administration at the Bank at the end of December 2016. The plaintiffs were co-owners of the media group 1 …

  • The Prosecutor General's Office conducts searches of Ukraine's largest oil company

    On April 5, the Office of the Prosecutor General of Ukraine (GPU), together with the Security Service (SBU), began searches of the PJSC (public joint stock company) Ukrnafta. 50% + 1 share of Ukrnafta belongs to Naftogaz of Ukraine (NAK), and 42% of shares are held by Ihor Kolomoyskyi and Gennadiy Bogolyubov, who are former shareholders of PrivatBank [the largest bank in Ukraine, which was nationalized at the end of 2016].

    The press service of Ukrnafta said that searches are being conducted in …

  • Chairwomen of the National Bank of Ukrain: The former owners of PrivatBank could face criminal charges

    The Chairwomen of the National Bank of Ukraine, Valeriya Hontaryeva, stated in an interview with Reuters that the former owners of PrivatBank could face criminal charges if auditors reveal that they intentionally brought the financial institution to bankruptcy.

    According to her, the National Bank of Ukraine hired the international audit and consulting firm, Ernst & Young to conduct an audit of PrivatBank. Ernst & Young will verify the solvency of companies that received loans from the former …

  • Ukrainian government to nationalize Kolomoyskyi’s bank

    The Ukrainian government decided to nationalize the largest commercial bank in the country, Privatbank, which is owned by Ukrainian oligarch Ihor Kolomoyskyi, the press service of the Cabinet of Ministers reports. The decision was made at a government meeting prior to the press release.

    “The Government supported the proposal of the National Bank and Financial Stability Board to transfer PJSC Privatbank to state property. The state, represented by the Ministry of Finance will become a 100% …