• Українською
  • Ministry of Finance of Ukraine welcomes the order of the English High Court on the worldwide freezing of assets of PrivatBank’s former owners
    posted 21 December 2017 10:00

    The Ministry of Finance of Ukraine welcomes the English High Court order on worldwide asset freezing against Messrs Kolomoisky and Bogolyubov, as well as against six companies they are believed to own or control.

    The freezing order was granted in the framework of the proceedings commenced by PJSC CB PrivatBank and on the basis of detailed evidence put to the court that Messrs Kolomoisky and Bogolyubov extracted almost US$2 billion from the bank through a particular series of dishonest transactions, which had the effect of transferring the funds to companies that they secretly owned or controlled.

    Through these initial legal proceedings, with interest, PrivatBank is seeking to recover over US$2.5 billion. «PrivatBank is confident that the English court will determine its claims fairly and objectively and that it will succeed in recovering funds that have been misappropriated from it the press-service of PrivatBank said.

    “We welcome this positive decision of the English High Court. The State has already spent almost 140bn hryvnyas (around 5bn dollars) on recapitalization of Privatbank to cover the losses caused by the extraction of money from the Bank and poorly secured loans given out before nationalization. These 140bn hryvnyas are the money of each Ukrainian citizen, each Ukrainian taxpayer and these funds must be returned to the state budget. Despite some attempts to undermine legal efforts to defend the bank’s interests, the legal team did its job professionally in securing the court ruling,” Finance Minister Oleksandr Danyliuk said.