February 17th, 201826 January, 2017 ▪ Lyubomyr Shavalyuk
The benefits and flaws of PrivatBank transfer into state hands
There had been talk about the possibility of PrivatBank's transition into state ownership for a long time. In December the rumours have become reality and Privat was nationalised. This decision was unprecedented. The mere fact...
The investigation to date has identified a series of activities, which, taken together, indicate that PrivatBank was subjected to a large scale and coordinated fraud over at least a ten year period, which resulted in the Bank suering a loss of at least USD 5.5 billion.
HOW FRAUD WAS CONDUCTED
1. Developing and...