NBU intends to attract auditor to check lawfulness of PrivatBank's transactions before nationalization

13:52, 03.03.2017 1 min read

The National Bank of Ukraine (NBU) intends to attract a forensic auditor to check transactions of PrivatBank (Dnipro) carried out before the nationalization if they can be classified as corporate crime, NBU Governor Valeriya Gontareva has said.

"Information about the forensic audit of PrivatBank will be in the memorandum [of cooperation between Ukraine and the International Monetary Fund (IMF)]. A company will be attracted in the near term – late March of early April," she said at a press conference in Kyiv on Thursday.

As reported, Ukraine's Cabinet of Ministers under a proposal of the NBU and shareholders in PrivatBank on December 18, 2016, decided to nationalize the bank.

Early 2017 the NBU claimed PricewaterhouseCoopers (PwC) office in Ukraine had provided wrong appraisal of fair value PrivatBank collateral. The NBU expects that the Ukrainian office of PricewaterhouseCoopers (PwC) international audit company after revealing these facts will be closed.