The high court in London (UK) ordered world-wide seizure of assets of the former owners of PrivatBank Igor Kolomoisky and Gennady Bogolyubov worth more than $2.5 billion

“Of PJSC CB “PrivatBank” has started the trial in the High court of London against its former owners and managers – Igor Kolomoisky and Gennady Bogolyubov. 19 December 2017, the High court of England issued an order on a worldwide seizure of assets of Messrs Kolomoisky and Bogolyubov, and the six companies that allegedly belong to them or under their control ,” – said in a statement on the website of PrivatBank.

The information States that the order of seizure of assets was issued on the basis of provided the court with detailed evidence proving that G. I. Kolomoisky and Bogolyubov taken out of the Bank almost $2 billion through a series of illegal transactions in which the funds were transferred to companies that they secretly belonged to or were under their control. “Through this process, PrivatBank plans to return the funds, which amount, together with interest is more than $2.5 billion,” the report says.

“PrivatBank is sure that the English court fairly and objectively consider his claim, and that the Bank will succeed and will be able to return funds that were illegally withdrawn from it”, summed up in PrivatBank.

As reported, ex-owners and ex-leaders of PrivatBank in turn also challenge the actions of the national Bank, Ministry of Finance and the PrivatBank after its nationalization. According to the NBU, only Ukrainian and British courts have filed more than 400 similar lawsuits.