Ukraine Ex-Central Bank Official Among 7 Detained Over Loan To Troubled Bank

On 12 November, KYC 360 reported that 7 people have been detained on suspicion of embezzling $49 million that was part of a loan the National Bank of Ukraine (NBU) gave to stabilise a struggling bank, VAB Bank, owned by one of the country’s biggest agricultural producers.  One of the detainees was Oleksandr Pysaruk, the current CEO of Austrian-owned Raiffeisen Bank Aval, and who was the first deputy chairman of the NBU.

https://www.riskscreen.com/kyc360/news/ukraine-ex-central-bank-official-among-7-detained-over-loan-to-troubled-bank/

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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