UK ACCOUNTING FIRMS TIED TO ALLEGED MULTI-BILLION KOLOMOISKY FRAUD

On 4th November, KYC 360 reported that Ukrainian billionaire oligarchs Ihor Kolomoisky and Hennadiy Boholyubov face a London civil suit alleging they used fake purchasing agreements and fraudulent loans to embezzle $1.72 billion from Ukraine into offshore businesses through 3 UK companies.  It says that a  Kyiv Post investigation has uncovered 2 accountancy firms, a law firm and multiple individuals in the UK and Cyprus connected to these companies that may have played a role in the alleged scheme.  The state-owned PrivatBank has been suing its former owners in the UK, US and Cyprus, trying to reclaim assets, and the total claimed in the UK was $1.9 billion, – now at least $3 billion as interest and legal costs accrued.  The London case is built around 3 UK companies involved in the alleged schemes, which fall under UK jurisdiction and funds loaned to 42 Ukrainian shell companies.

https://www.riskscreen.com/kyc360/news/investigation-uk-accounting-firms-tied-to-alleged-kolomoisky-fraud/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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