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Evening Standard
Evening Standard
World
Brian Farmer

Ukrainian bank accuses former owners of ‘epic’ £1.5bn fraud at London trial

Ukraine’s biggest bank has accused two former owners of “fraud on an epic scale” covered up by “money laundering on a vast scale” at a High Court trial in London.

JSC Commercial Bank Privatbank says former owners Igor Kolomoisky and Gennadiy Bogolyubov misappropriated more than £1.5 billion (nearly two billion US dollars).

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