Representatives of Privatbank, which was nationalized in 2016, said that its former owners Igor Kolomoisky and Gennady Bogolyubov had laundered almost $ 800 million in the United States, a Radio Svoboda correspondent reported.
After checking additional banking documents, Privatbank filed an amended lawsuit against Igor Kolomoisky and Gennady Bogolyubov. It took place on July 21, 2020 in Delaware. The lawsuit alleges that the former owners laundered $ 660 million through a group of American companies Optima, as well as another $ 100 million through other American companies.
The bank is demanding hundreds of millions of dollars in compensation from Igor Kolomoisky and Gennady Bogolyubov.
Privatbank filed its original lawsuit in Delaware in May 2019, accusing the former owners of laundering $ 623 million in the United States. The case is still under consideration.
According to representatives of Privatbank, the new document states, in particular, that Kolomoisky and Bogolyuvov laundered another $ 86 million between 2008 and 2010, withdrawing these funds to two offshore accounts of one of the divisions of the Moscow investment bank Renaissance-Capital.
The lawsuit alleges that the two bought hundreds of millions of dollars in US assets, including real estate and steel companies, through fictitious loans issued by Privatbank to various companies controlled by the oligarchs themselves. Further, the bank claims, these funds were laundered in the United States due to a confusing scheme of transactions.
Privatbank is at the center of disputes between the National Bank of Ukraine and Kolomoisky, one of Ukraine's most influential oligarchs. The outcome of the confrontation will have a significant impact on Ukraine's relations with the West.
Kolomoisky's media holding supported the presidential campaign of comedian Volodymyr Zelensky, who won the 2019 presidential election, and it was worrying that the oligarch had increased his influence in official Kyiv.
The National Bank of Ukraine accuses Kolomoisky and Bogolyubov of using Privatbank as their personal treasury, and claims that more than 90 percent of the loans issued by the bank during their tenure went to individuals and entities associated with them.
In December 2016, the state nationalized Privatbank for fear that the country's largest commercial bank could go bankrupt due to a $ 5.5 billion lack of capital.
Western officials and financial institutions are urging Ukraine to recoup at least part of the billions of dollars the state has spent to save the bank from the effects, as they say in Kyiv, of the actions of both oligarchs.
Both oligarchs deny all charges, calling the bank's nationalization politically motivated and suing the bank to regain control.