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Oleh Bakhmatyuk

$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

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