Skip to content
Edit post

Former PrivatBank top officials charged with embezzling over $2.8 million

by The Kyiv Independent news desk July 15, 2022 8:56 PM 1 min read
This audio is created with AI assistance

The Specialized Anti-Corruption Prosecutor’s Office (SAPO) charged ex-Head of PrivatBank Oleksandr Dubilet, his first deputy Volodymyr Yatsenko, and department head Olena Bychikhina with embezzling over $2.8 million from Ukraine’s largest bank.

According to officials, the day before the bank was nationalized in 2016, PrivatBank’s senior staff paid over $7,5 million of the bank’s money to companies linked to the bank. The funds were transferred in several tranches to two different companies. The roughly $2.8 million addressed in the case went to one of those companies.

The three PrivatBank officials were already charged with embezzling back in 2021.

Prosecutor General Irina Venediktova, in February 2021, announced charges against Dubilet, Yatsenko and Bychikhina for alleged embezzlement and forgery.

Venediktova, on March 15, announced additional charges against three former PrivatBank executives, this time for embezzling $300 million.

In 2016, the bank was nationalized when it was found to have an over $5.5 billion hole in its ledger, allegedly moved out by its former owners and oligarchs Ihor Kolomoisky and Gennadiy Bogolyubov via fraudulent schemes.

PrivatBank sued Kolomoisky and Bogolyubov in Ukraine, the U.K. and the U.S.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

9:15 AM

Lithuania to join Czech-led ammunition initiative for Ukraine.

Lithuania will contribute to the Czech-led allied initiative to supply Ukraine with hundreds of thousands of artillery rounds from outside of Europe, Lithuanian Prime Minister Ingrida Simonyte confirmed on March 4 after a phone call with her Czech counterpart, Petr Fiala.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
3:39 AM

Kirby: Putin taking advantage of delays in US aid.

Russian President Vladimir Putin is taking advantage of delays in U.S. aid to Ukraine to further Russian military efforts, U.S. National Security Council spokesperson John Kirby said at a press conference on March 4.
11:03 PM

Ukraine, Spain start talks on security guarantees.

Ukraine and Spain began negotiations on a bilateral agreement on security guarantees under the Group of Seven (G7) Joint Declaration of Support for Ukraine, the Presidential Office reported on March 4.
8:51 PM

Zelensky replaces Support Forces commander.

President Volodymyr Zelensky dismissed Dmytro Hereha as the commander of Ukraine's Support Forces, replacing him with Oleksandr Yakovets, according to his decrees published on March 4.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.