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Writer's pictureBy The Financial District

Ukrainian Billionaire Held For Corruption

One of Ukraine's most powerful oligarchs is to be held in custody for two months on suspicion of fraud and money laundering, James Gregory reported for BBC News.

Ihor Kolomoisky is alleged to have transferred $14 million (£11.1 million) abroad over seven years using banks he controlled. I Photo: Atlantic Council



Ihor Kolomoisky is alleged to have transferred $14 million (£11.1 million) abroad over seven years using banks he controlled.


His lawyers say he will not post bail and will appeal against the court order. It marks the latest move in Ukraine's anti-corruption drive, which has targeted several high-profile figures.



Local TV footage showed Kolomoisky being led away from a district court in Kyiv dressed in a blue FC Dnipro tracksuit jacket on Saturday. His defense team say he is now being held at Ukraine's security service (SBU) headquarters in the city.


"It was established that during 2013-2020, Ihor Kolomoisky legalized more than half a billion hryvnias ($14m) by withdrawing them abroad and using the infrastructure of banks under [his] control," the agency said in a statement.





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