09:51 21.12.2017

London court orders to freeze over $2.5 bln in assets of Kolomoisky and Boholiubov

1 min read
London court orders to freeze over $2.5 bln in assets of Kolomoisky and Boholiubov

The High Court in London has granted a freezing order against former owners of PrivatBank Ihor Kolomoisky and Hennadiy Boholiubov; the order concerns over $2.5 billion.

"PJSC CB PrivatBank has commenced legal proceedings in the High Court in London against Ihor Kolomoisky and Hennadiy Boholiubov, its former owners and officers. On December 19, 2017, the English High Court granted a worldwide freezing order against Messrs Kolomoisky and Boholiubov, as well as against six companies they are believed to own or control," PrivatBank said in a statement on Wednesday evening.

"The freezing order was granted on the basis of detailed evidence put to the court that Messrs Kolomoisky and Boholiubov extracted almost $2 billion from the bank through a particular series of dishonest transactions, which had the effect of transferring the funds to companies that they secretly owned or controlled," it said.

"Through these initial legal proceedings, with interest, PrivatBank is seeking to recover over $2.5 billion," PrivatBank said.

"PrivatBank is confident that the English court will determine its claims fairly and objectively and that it will succeed in recovering funds that have been misappropriated from it," it added.

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