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Russia arrests assets belonging to Kolomoyskyi’s Privatbank

Bailiffs continued actions designed to arrest Privatbank’s property located in the territory of Crimea in the interests of the Depositors Protection Fund

© ITAR-TASS/Mikhail Pochuev

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Russia's Investigative Committee arrests property of Ukrainian tycoon Kolomoyskyi

MOSCOW, December 26 /TASS/. Russia’s Federal Bailiff Service (FBS) has found the money of Privatbank belonging to the Ukrainian oligarch and governor of Ukraine’s Dnipropetrovsk region, Ihor Kolomoyskyi, the FBS press service told TASS on Friday.

"The bailiffs found cash resources worth 191 million 840 thousand Ukrainian hryvnias or more than 665 million Russian rubles (about $13 million) in a period from November 24 to December 5. All the cash belonging to Privatbank has been arrested,” the Federal Bailiff Service said.

It added that bailiffs continued actions designed to arrest Privatbank’s property located in the territory of Crimea in the interests of the Depositors Protection Fund. The fund’s main task is to pay compensations to the bank’s customers who have lost their deposits. Privatbank stopped all operations in Crimea in spring 2014 after the peninsula had become part of Russia.

Privatbank is Ukraine’s biggest bank affiliated in Ihor Kolomoyskyi’s Privat financial group. It used to have the biggest number of branches in Crimea.

Russia has initiated criminal proceedings against Kolomoyskyi on charges of organization of murders; the use of banned means and methods of warfare; abductions and also for putting up obstacles to journalists’ work. He has been arrested in absentia and put on the international wanted list.

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