The Shevchenkivsky District Court of Kyiv ordered businessman Ihor Kolomoisky to be held in custody until January 26, 2024 with the option of posting bail of UAH 3.712 billion.

"To extend the period of detention of suspect Ihor Kolomoisky within the pretrial investigation until January 26, 2024 inclusive. To set for suspect Ihor Kolomoisky bail of 1.118 million subsistence minimums of able-bodied persons, which is UAH 3.712 billion, which can be posted either by the suspect himself or by another individual or legal entity," the judge read out the court decision before closing the hearing on Tuesday.

According to her, if bail is granted, Kolomoisky will be subject to a number of procedural obligations, and bail applied will be considered the preventive measure.

As reported, on October 24, the Shevchenkivsky District Court of Kyiv upheld Kolomoisky's detention with an alternative bail of UAH 3.8 billion, not satisfying the lawyers' request to change the preventive measure to 24-hour house arrest.

Kolomoisky faces fraud and PrivatBank funds embezzlement charges. The Security Service of Ukraine served a notice of suspicion against him under two articles of the Criminal Code: Article 190 (fraud), Article 209 (illegal takeovers of property). Law enforcement officers established that the businessman during 2013-2020 legalized more than UAH 0.5 billion by transferring them abroad. At the same time, he used the infrastructure of controlled banking institutions.

According to the investigation, in the period from 2013 to 2014, Kolomoisky was behind a plan to steal UAH 5.8 billion. To do this, he created a criminal group consisting of employees of the bank, which he founded and owned.

The Specialized Anti-Corruption Prosecutor's Office (SAPO) and the National Anti-Corruption Bureau of Ukraine (NABU) notified the former ultimate beneficiary of PJSC CB PrivatBank Kolomoisky and five of his former top managers of suspicion of embezzling bank funds worth more than UAH 9.2 billion.