You're reading: Sytnyk: PrivatBank case poses high risk of significant losses to the state

The criminal case involving the possible embezzlement of PrivatBank funds carries the risk of causing significant losses to the state because two of the bank’s largest shareholders, Ihor Kolomoisky and Hennadiy Boholiubov, did not fulfill their obligations, National Anti-Corruption Bureau of Ukraine (NABU) chief Artem Sytnyk has said.

“The PrivatBank case has been taken under special control because the possibility of large scale losses to the state exists there. Shareholders of the bank have still not fulfilled their obligations – not paid off the bank’s loan portfolio. Kolomoisky and Boholiubov had promised to do this in writing by July 1. They did not,” Sytnyk said in an interview published on Sunday by Radio Free Liberty/Radio Europe.