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Kiev court arrests Ukrainian tycoon politician Korban

December 28, 2015, 16:40 UTC+3 KIEV
Experts describe the charges issued to Korban as the authorities’ attempt to curb oligarchic clans in Ukraine
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Gennady Korban

Gennady Korban

© Konstantin Sazonchik/TASS

KIEV, December 28. /TASS/. The oligarchs’ war in Ukraine has taken a new turn as a Kiev court ruled on Monday to arrest millionaire politician Gennady Korban, the leader of the Ukrop patriotic political party.

The court has changed the pre-trial restriction for Korban from house arrest. "A decision has been taken on keeping Gennady Korban in custody," Ukrainian media reported after the court hearing that had lasted for more than 28 hours.

The politician said he would appeal the ruling. "We have two days, the lawyers have already prepared an appeal complaint and we have submitted it," he said.

Korban, whom Ukrainian media call Kolomoisky’s right-hand man, was detained on October 31 on suspicions of creating a criminal group embezzling funds of a charity.

The politician was deputy of Igor Kolomoisky, formerly the governor of the eastern industrial Dnipropetrovsk region, who is the founder and supervisor of the Ukrop (Ukrainian Union of Patriots) party.

Korban took part in the October 25 local elections where he ran for the post of Kiev’s mayor but he failed to go forward to the runoff. The politician is on the list of Top 100 Wealthiest Ukrainians. The business in the sphere of real estate brought him $25 million last year.

Experts describe the charges issued to Korban as the authorities’ attempt to curb oligarchic clans in Ukraine.

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