The court extended arrest for businessman Ihor Kolomoisky, suspected of embezzling UAH 9.2 billion of PrivatBank funds, and reduced the option bail to UAH 2.4 billion, Suspilne has reported.

"Businessman Kolomoisky's detention was extended until April 25 and his bail was reduced to UAH 2.4 billion," Suspilne said a report on its Telegram channel on Wednesday, citing the words of lawyer Oleksandr Lysak.

The lawyer said that Kolomoisky will not post bail, and also said that the defense is asking for an immediate medical examination of the businessman.

As reported, 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 investigators, 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.