Ukrainian bank owners carried out ‘co-ordinated fraud’, forensic audit says

The National Bank of Ukraine
National Bank of Ukraine
Oksana Parafeniuk

Private investigative firm Kroll has sent a forensic audit report to the National Bank of Ukraine, confirming its finding that the country’s largest private bank was massively defrauded by its owners, the NBU said today (January 16).

According to the NBU, the report confirmed “PrivatBank was subjected to a large-scale and co-ordinated fraud over at least a 10-year period, ending December 2016”, costing at least $5.5 billion. The Ukrainian government nationalised PrivatBank in December 2016,

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