In response to a request from the prosecution, Shevchenkivskyi District Court of Kyiv has increased Ihor Kolomoisky’s bail to UAH 3.8 billion ($103 million), Ukrainian legal news outlet Graty reported on Sept. 15.
On Sept. 3, the court ordered Kolomoisky be held in custody for a period of 60 days unless he posted bail of UAH 509 million.
Between 2013 and 2014, Kolomoisky unlawfully seized 5.8 billion hryvnias ($150 million) by establishing a criminal group consisting of PrivatBank employees, of which he was a founder and shareholder, according to Ukraine’s SBU security service.
Kolomoisky denies all allegations and currently has no plans to post bail.
On Sep. 7, the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP) informed Kolomoisky and five others of suspicion in embezzling over 9.2 billion hryvnias from PrivatBank ($247 million).
In January-March 2015, while serving as the head of the Dnipropetrovsk Oblast Administration, Kolomoisky allegedly crafted a scheme to misappropriate PrivatBank’s funds. The objective was to further finance an offshore company under his control and increase his stake in the bank’s statutory capital.
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