Economy

Court in London extends freeze of Kolomoisky's, Boholiubov's assets until next hearing

The High Court of Justice in London (the UK) at a hearing on January 19 decided to extend the freeze of assets of former owners of PrivatBank (Kyiv) Ihor Kolomoisky and Hennadiy Boholiubov totaling over $2.5 billion until court issues a new order, the press service of PrivatBank has told Interfax-Ukraine.

"Last week the court in London held an additional hearing regarding procedural issues in the PrivatBank vs Ihor Kolomoisky, Hennadiy Boholiubov and other persons lawsuit. The worldwide freezing order of the court issued in December 2017 was extended until next order of the court," the bank said.

The press service said that the court obliged Kolomoisky and Boholiubov to disclose information about all their assets to a restricted circle of people who are taking part in the lawsuit hearing.

As reported, PrivatBank, prior to its nationalization at the end of 2016, was the object of large scale and coordinated fraudulent actions, which led to losses of at least $5.5 billion, the National Bank of Ukraine (NBU) has said, with reference to Kroll hired for the forensic audit of the bank.

PrivatBank in December 2017 filed a lawsuit in the High Court of Justice in London against Kolomoisky and Boholiubov, as well as companies Teamtrend Ltd., Trade Point Agro Ltd., Collyer Ltd., Rossyn Investing Corp., Milbert Ventures Inc. and ZAO Ukrtransitservices Ltd., which allegedly belong to them or are under their control.

The plaintiff achieved that the court, as an interim measure, issued a worldwide freezing order for the assets of the former owners of the bank Kolomoisky and Boholiubov and the above-mentioned six companies for the amount of more than $2.5 billion.

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