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Ukraine tycoon Ihor Kolomoisky taken into custody over fraud allegations

Ihor Kolomoisky Volodymyr Zelenksyy Ukraine United States Corruption Rob McBride SBU Telegram

Kolomoisky is a former owner of leading Ukrainian bank PrivatBank, which was nationalised in late 2016 as part of a major cleanup of the banking system [Vladyslav Musiienko/Reuters]

A Ukrainian court has placed billionaire businessman Ihor Kolomoisky under arrest for two months over fraud and money laundering charges as part of the war-torn country’s crackdown on corruption.

The court on Saturday gave Kolomoisky the option of posting bail of more than 509 million hryvnias, equivalent to more than $13m.

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