Shmalchenko Lyudmyla Oleksandrivna

Withdrew funds from PrivatBank

Lyudmyla Oleksandrivna Shmalchenko is the former Deputy Chair of the Board of PrivatBank and Treasury Director. According to the investigation, she was the direct executor of the key scheme: in December 2016, under Dubilet's order, she transferred $314.9 million (UAH 8.2 billion) from the bank's correspondent account allegedly to repay letters of credit to two agro-trading companies. To cover this up, bank documents were forged and fictitious lending was carried out to the offshore Claresholm Marketing Ltd.

Two NABU cases and bail

In March 2021, the High Anti-Corruption Court (HACC) imposed bail of UAH 50 million on Shmalchenko. She is currently outside Ukraine, arrested in absentia, and is a suspect in two criminal proceedings totaling over UAH 8.3 billion.

In October 2023, NABU declared Shmalchenko wanted in the second case concerning misappropriation of UAH 9.2 billion together with Kolomoisky. HACC arrested her in absentia, and the court confiscated part of the bail amounting to UAH 5 million due to her violation of procedural obligations. In November 2024, the HACC appellate chamber reviewed her lawyer’s appeal regarding the arrest in absentia.