Ukrainian bank claims it was used for money laundering

RUSSIA / FSU POLITICS - In Brief 28 Jul 2020 by Alex Teddy
On July 21 PrivatBank stated that its erstwhile owners used it to launder USD 800 million into the United States. The bank filed a complaint in Delaware against Ihor Kolomoisky and Hennadiy Boholyubov. The men allegedly used a group of American companies known as Optima. PrivtaBank filed a suit against the two men in Delaware in 2019. The latest allegation is an addition to it. The two men lost control of PrivatBank in 2016. Why has it taken until now for the bank to discover the additional USD 800 million of money laundering?The National Bank of Ukraine said that 90% of the loans issued by PrivatBank went to entities controlled directly or indirectly by the two owners. The loans were not repaid. The two men have never been charged with a crime in relation to PrivatBank.

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