Kolomoisky: Ukrainian tycoon Ihor Kolomoisky detained in fraud case: Court

KYIV: A Ukrainian court docket ordered tycoon Ihor Kolomoisky to be held in custody for 2 months on suspicion of fraud and cash laundering on Saturday, a putting transfer towards one of many nation’s strongest businessmen.
The detention of Kolomoisky, who’s beneath US sanctions and is a one-time supporter of President Volodymyr Zelenskiy whose election he backed in 2019, comes as Kyiv is making an attempt to sign progress throughout a wartime crackdown on corruption.
Defence attorneys mentioned Kolomoisky would enchantment the ruling, questioning its legality, however that he wouldn’t publish bail of just about $14 million as a way to safe his launch, broadcaster Radio Liberty reported.
After a listening to at a district court docket in Kyiv late on Saturday, Kolomoisky, one in all Ukraine’s richest males, was proven being led away in a blue tracksuit jacket in tv footage. He couldn’t be reached for remark.
The Safety Service of Ukraine introduced the case towards Kolomoisky on Saturday morning, publishing images on Telegram Messenger displaying him being served paperwork by safety officers and signing them.
“It was established that in 2013-2020, Ihor Kolomoisky legalized greater than half a billion hryvnias ($14 million) by withdrawing them overseas and utilizing the infrastructure of banks beneath (his) management,” the company mentioned in a press release.
After the ruling, Zelenskiy appeared to allude obliquely to the case in his night handle, thanking regulation enforcement businesses for displaying resolve in bringing long-running circumstances to justice.
“Unquestionably, there might be no extra decades-long ‘enterprise as regular’ for individuals who plundered Ukraine and put themselves above the regulation and any guidelines… The regulation should work,” he mentioned.
Kolomoisky is seen as one of many class of oligarchs who amassed big industrial wealth after the 1991 collapse of the Soviet Union and wielded outsize political and financial affect.
Earlier than Russia’s February 2022 invasion, Zelenskiy and his workforce handed laws requiring oligarchs to register and to remain out of politics. The warfare has eroded the oligarchs’ energy as industrial property have been destroyed within the east and south, and their tv channels have been broadcasting beneath a centralised sign.
Earlier than profitable the presidency, Zelenskiy rose to prominence as a comic and performed the position of president on a present aired on a Kolomoisky-owned TV channel. He denies Kolomoisky has had any affect over the federal government.
Through the warfare, Zelenskiy has emphasised Ukraine’s crackdown on corruption as Kyiv has utilized to affix the European Union and hopes to safe tens of billions of {dollars} to assist rebuild the nation after a warfare which has no finish in sight.
Kolomoisky’s detention shouldn’t be the primary wartime transfer involving him.
Final November, the state took management of stakes in main strategic corporations, a few of which have been related to the businessman, invoking wartime legal guidelines to assist the warfare effort.
Earlier this 12 months, safety officers searched Kolomoisky’s residence in reference to a separate investigation into embezzlement and tax evasion on the nation’s two largest oil corporations partially owned by him.
Kolomoisky is a former proprietor of main Ukrainian financial institution PrivatBank, which was nationalised in late 2016 as a part of a clean-up of the banking system.
He has owned property within the vitality, banking, and different sectors, together with an influential tv channel.
The US imposed sanctions on Kolomoisky in 2021 “as a result of his involvement in important corruption”. US authorities have additionally alleged Kolomoisky and a enterprise associate laundered stolen funds via the US. Kolomoisky has denied any wrongdoing.

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