January 16, 2018 / 11:19 AM / 10 months ago

Ukraine's PrivatBank used for shady deals and money-laundering: central bank

KIEV, Jan 16 (Reuters) - Ukraine’s PrivatBank was used for money-laundering and shady deals where 95 percent of corporate loans went to companies related to the former owners, the central bank said on Tuesday, citing a probe it commissioned by the global agency Kroll.

“The investigation has identified that PrivatBank was subjected to a large scale and coordinated fraud over at least a 10-year period ending December 2016, which resulted in the Bank suffering a loss of at least $5.5 billion,” the central bank said in a statement. (Reporting by Natalia Zinets; Writing by Matthias Williams; Editing by Catherine Evans)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below