Ukraine’s central bank says an investigation into the country’s largest lender, PrivatBank, shows that it had been “subjected to a large-scale and coordinated fraud” over at least a decade.
The fraud resulted in the bank, which was taken into state control in 2016, suffering a loss of at least $5.5 billion, the central bank said in a statement on January 16.
One of the bank’s former main shareholders, Ihor Kolomoyskiy, dismissed the results of the probe as “nonsense.”
The central bank commissioned the independent audit conducted by the global investigation firm Kroll and other international companies.
Central bank deputy governor Kateryna Rozhkova said that the findings have been passed to the Prosecutor-General’s Office fo…
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