Big slush fund, modern day slavery. Suck the wealth out of a country
Biggest fact that came out is Bolton is gonna sell a lotta books
https://www.kyivpost.com/business/business-update-jan-29-privatbank-pays-kolomoiskys-plant-ukrzaliznytsia-ceo-resigns-alcohol-news.html?
PrivatBank pays debt to Nikopol Ferroalloy Plant, but appeals court decision ordering the payment. The bank paid the plant $880,000 in line with a Dec. 17 ruling of the Kyiv Commercial Court, according to a PrivatBank press release. However, the bank says it considers the decision of the court of first instance to be unlawful. PrivatBank made the payment as employees of the Nikopol plant continue months of mass protests in front of the bank’s central office. The pickets are “another attempt at pressuring the bank” and aimed at “preventing normal activities of the bank,” PrivatBank said. Previously owned by oligarch Ihor Kolomoisky, PrivatBank was nationalized and recapitalized with state funds in 2016 after a $5.5 billion dollar hole was discovered in its ledgers. Before PrivatBank’s nationalization, the Nikopol plant acted as a guarantor on a refinancing loan that the National Bank of Ukraine (NBU) issued to the bank. The plant — which is also majority owned by Kolomoisky — settled its obligations before the NBU on Sept. 9, 2019, Inferfax-Ukraine reported.
https://www.kyivpost.com/ukraine-politics/supreme-court-delays-hearing-on-surkis-deposits-in-privatbank.html
The Grand Chamber of the Supreme Court of Ukraine on Jan. 31 started a substantive trial on a cassation appeal to overturn a lower court decision ruling that state-owned PrivatBank must pay back deposits to the families of Ihor and Hryhoriy Surkis, the powerful businessmen and partners of the bank’s scandalous former co-owner, oligarch Ihor Kolomoisky.
The appeal was submitted by the National Bank of Ukraine (NBU), the Finance Ministry, other state bodies and the current management of PrivatBank. Ukrainian authorities nationalized the bank in 2016 after a $5.5 billion hole was discovered in its ledgers.
All eyes were on the Jan. 31 hearing. It was supposed to determine whether the Surkis family members were wrongfully deemed insiders and had their deposits, which exceeded $40 million, confiscated after PrivatBank’s nationalization.
That ruling would set a key precedent for other cases in the PrivatBank saga, which is viewed in the West as a test for Ukraine’s battle against corruption.
Now, however, the wait will continue: On Jan. 31, the Supreme Court delayed the hearing for an indefinite period.