On May 21, PrivatBank filed a lawsuit against its former owners, Ihor Kolomoisky and Gennadiy Bogolyubov, in the Delaware Chancery Court in the U.S.
The 104-page complaint is a detailed description of alleged fraud by the bank’s previous owners. If true, they are responsible for laundering almost half a trillion dollars through the bank’s Cyprus branch from 2006 through December 2016.
Read the full complaint:
Anders Aslund, a leading economist, wrote in the Atlantic Council that, if proven, “this is the biggest case of money laundering in history.”
Kolomoisky denies any wrongdoing.
