Cabinet suspends Sense Bank management after NABU disclosures

Business

20 August, 02:23 AM

The Ukrainian government has suspended the supervisory board chair of the state-owned Sense Bank and has sought to suspend the bank’s chief executive, Prime Minister Sergii Koretskyi said on Aug. 19.

Koretskyi said other officials named in materials released earlier the same day by the National Anti-Corruption Bureau of Ukraine (NABU) should face similar accountability. He ordered the Ministry of Finance and the Ministry of Justice, together with the National Bank of Ukraine, to review the bank’s activities, including the conduct of its leadership.

“The facts and materials released by anti-corruption bodies cannot go without response and proper assessment. Trust in a state financial institution is the main foundation of its work,” Koretskyi said.

Earlier on Aug. 19, NABU carried out searches at the offices of MP Vadym Stolar, senior officials in the President’s Office, and Sense Bank head office. The anti-corruption investigation determined that a group of lawmakers and senior officials conspired to launder UAH150 million ($3.36 million) through Sense Bank to post bail for former energy minister Herman Halushchenko.

Інші новини

Все новости