Ukraine’s largest lender PrivatBank has secured a significant authorized victory, profitable a $1.9 billion fraud case in a London courtroom towards its former proprietor, oligarch Ihor Kolomoisky, and his enterprise companion, the financial institution introduced on July 30.
The ruling marks a major milestone within the financial institution’s long-running authorized battle, which started in 2017 following the nationalization. Kolomoisky, already going through fraud fees in Ukraine, was detained in 2023 and stays in custody.
PrivatBank stated the judgment strengthens its efforts to recuperate billions allegedly siphoned from the financial institution previous to its takeover by the state.
