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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: