13:00 19.05.2016

Bakhmatiuk's press service denies NBU information about claim against businessman

Bakhmatiuk's press service denies NBU information about claim against businessman

Information spread by the National Bank of Ukraine (NBU) that property of the beneficiary of bank Financial Initiative Oleh Bakhmatiuk worth UAH 4 billion was arrested is untrue, the press service of the businessman, who is also a majority shareholder in Ukrlandfarming company, has said.

"The sum of the claim for which the court of first instance – Pechersky district court in Kyiv – issued a ruling is UAH 135.863 million. We believe that the ruling was issued in violation of the law and we will challenge it in court," the press service told Interfax-Ukraine.

The NBU earlier reported that Kyiv's Pechersky district court on May 12 arrested all movable and immovable assets of Oleh Bakhmatiuk – the beneficiary of insolvent bank Financial Initiative. The assets were arrested under a claim by the NBU, which seeks to collect a debt on the stabilization loan of UAH 4 billion provided to the bank. UAH 4 billion worth of stabilization loans were provided in 2014. The loans were collateralized against property and property rights of legal entities. Bakhmatiuk acted as a financial surety in the loans.

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