![$1 billion suit against Bakhmatyuk is latest entry in Ukraine’s long chronicle of alleged bank fraud](https://assets.kyivindependent.com/content/images/2023/02/2021-12-d0a1d0bdd0b8d0bcd0bed0ba-d18dd0bad180d0b0d0bdd0b0-50.jpg)
$1 billion suit against Bakhmatyuk is latest entry in Ukraine’s long chronicle of alleged bank fraud
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