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Oleh Bakhmatyuk

$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

US fund Gramercy sues exiled tycoon Bakhmatyuk over alleged $1 billion fraud
U.S. investment fund Gramercy filed a complaint in a U.S. federal court on Dec. 7 against exiled Ukrainian billionaire Oleh Bakhmatyuk and U.S. businessman Nicholas Piazza for allegedly siphoning $1 billion out of Bakhmatyuk's UkrLandFarming, the largest egg producer in Ukraine. Gramercy, which is a major lender
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