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Automatically translated version. May contain inaccuracies compared to the original.
⚖️⚖️⚖️⚖️ PrivatBank case: the former beneficial owner to be tried⚖️
The former ultimate beneficial owner of PJSC CB “PrivatBank” and five participants in the group he organized will stand trial. NABU and SAP accuse them of embezzling bank funds totaling more than 9,2 billion UAH.
In January–March 2015, the ultimate beneficial owner of PrivatBank, then head of the Dnipropetrovsk Regional State Administration, organized a scheme to appropriate the bank’s funds in order to further finance an affiliated offshore company and increase his own share in the institution’s authorized capital. To do this, the bank was artificially forced to pay the said affiliated company more than 9,2 billion UAH under the pretext of an alleged repurchase of its own bonds at an inflated price.
Subsequently, part of the amount, exceeding 446 million UAH, was transferred to the accounts of three related legal entities under the guise of securities purchase–sale transactions in order to launder the funds, and later to the accounts of two more. Eventually, the funds reached the personal account of PrivatBank’s ultimate beneficial owner. He used them at his own discretion—contributing them to the bank’s authorized capital to satisfy requirements of the National Bank of Ukraine.
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#скеровано_до_суду
