Privatbank battle adds new leg as IMF deal draws closer

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By Ross Lancaster
06 Apr 2020

Ukraine’s Privatbank saga has ratcheted up again as the lender filed a new claim, worth $5.5bn, against its former owners.

Privatbank’s claim, issued late on Friday, will seek to recoup damages from Igor Kolomoisky and Gennadiy Bogolyubov. The bank accuses the pair of running two schemes “bearing all the hallmarks of fraud and money laundering”.

Privatbank says that the two schemes, executed between 2013 and 2016, involved payment ...

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