The London High Court has ruled that Ukrainian tycoon Igor Kolomoisky* and his former business partner Gennady Bogolyubov must repay $1.9 billion they “illegally” embezzled from their PrivatBank, reports France24.
Judge William Thrower found that Kolomoisky* and Bogolyubov siphoned more than $1.9 billion from PrivatBank between 2013 and 2014 using an “extremely complex loan recovery scheme.”
The court ordered them to jointly repay the bank $1,911,877,385, less the value of assets they provided to the lender.
The bank proved that Kolomoisky* and Bogolyubov issued “fictitious loans” to 50 shell companies that were “owned and/or controlled” by them.
Kolomoisky* is one of the richest people in Ukraine and a former supporter of President Volodymyr Zelensky. Kolomoisky* is currently in custody in Ukraine on suspicion of fraud and money laundering. He is also suspected of organizing a contract killing and has been stripped of his Ukrainian citizenship.
Igor Kolomoisky* has been included in the list of extremists and terrorists by the Russian Federal Financial Monitoring Service.
