Skip to content

Bank fraud

$1 billion suit against Bakhmatyuk is latest entry in Ukraine’s long chronicle of alleged bank fraud

$1 billion suit against Bakhmatyuk is latest entry in Ukraine’s long chronicle of alleged bank fraud

by Alexander Query

The billion-dollar court case against exiled tycoon Oleh Bakhmatyuk is a depressingly familiar reminder of Ukraine’s elite-level embezzlement problem. The former billionaire is being sued by U.S. investment fund Gramercy, which alleges that Bakhmatyuk, the majority shareholder and board chairman of agricultural giant UkrLandFarming, siphoned $1 billion out

Ukraine Daily
News from Ukraine in your inbox
Please, enter correct email address

News Feed

5:49 AM

Russia attacks 4 communities in Sumy Oblast.

Russian forces struck four communities in Ukraine's northeastern Sumy Oblast in six separate attacks throughout the day, the regional administration reported on April 24. At least 23 explosions were reported in Sumy Oblast over the past 24 hours.
2:16 AM

Russia arrests political opposition activists in absentia.

The Syktyvkar city court in Russia issued arrests in absentia to world chess champion and Free Russia Forum co-founder Garry Kasparov, along with several other activists, on charges of creating a "terrorist community," financing "terrorist activities," and publicly calling for terrorism.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
3:08 PM

Hugo Boss to sell its Russian subsidiary.

Along with many other Western companies, Hugo Boss suspended its retail operations in Russia after the beginning of the full-scale invasion of Ukraine in February 2022.
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
Subscribe
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.