Kolomoisky's arrest extended until September 2 with bail set at $46 million

Nation

19 July 2024, 06:32 PM

The Shevchenkivskyi District Court of Kyiv has extended the pre-trial restriction for businessman Ihor Kolomoisky until Sept. 2, 2024, the spokeswoman for the Prosecutor General's Office, Nadiya Maksymets said, according to news agency Ukrinform.

Kolomoisky remains in detention with the possibility of bail in the amount of UAH 1.9 billion ($45.8 million).

The amount of bail has not changed compared to the previous ruling.

"At the request of the prosecutors of the Prosecutor General's Office, on July 18, the Shevchenkivskyi District Court of Kyiv extended until Sept. 2 the preventive measure in the form of detention with bail set at 1.9 billion hryvnias ($45.8 million) for a well-known businessman suspected of seizing almost 6 billion hryvnias ($144.7 million) from the largest Ukrainian private bank," Maksymets said.

Ihor Kolomoisky's cases

In September 2023, Ukraine’s SBU Security Service, the Economic Security Bureau and the Prosecutor General's Office charged Kolomoisky under Articles 190 and 209 of the Criminal Code of Ukraine – legalization of property obtained by fraud.

The SBU believes that between 2013 and 2020, Kolomoisky legalized more than 500 million hryvnias ($27.2 million) by transferring funds abroad using the infrastructure of controlled banks.

Kolomoisky was indicted on two more counts on Sept. 7 and 15 – misappropriation of PrivatBank's funds worth over 9.2 billion hryvnias ($221.8 million) and misappropriation of 5.8 billion ($139.8 million).

The Shevchenkivskyi District Court of Kyiv imposed a pre-trial restraint on Ihor Kolomoiskyi on Sept. 2. He was sent to custody for 60 days in Dnipro with the possibility of posting bail of over 509 million hryvnias ($12.3 milion). This amount was later increased.

The Shevchenkivskyi District Court of Kyiv again extended Kolomoiskyi's detention on April 22, 2024,  until June 2, 2024. At that time, his bail was reduced to 1.96 billion hryvnias ($47.3 million).

Law enforcement officers charged Kolomoisky of organizing a contract killing on May 8. According to the investigation, he ordered the murder of the director of a law firm "for reasons of personal revenge" for failing to fulfill the requirements for canceling and invalidating the decisions of the general meeting of shareholders of an open joint-stock company. For this purpose, he engaged members of the "gang". The victim was punched and stabbed in the vital organs, but the crime was not brought to an end, prosecutors said.

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