Court keeps Kolomoisky in custody

Kolomoisky will remain in jail
Kolomoisky will remain in jail

The Shevchenkivskiy District Court of Kyiv has ruled to keep Ukrainian oligarch Ihor Kolomoisky in custody, broadcaster Hromadske reported on Oct. 24.

His attorneys have requested a change in his preventative measure to house arrest. The court has also ordered to arrange medical assistance for Kolomoisky and provide the necessary treatment.

Read also: Kolomoisky drops from dollar billionaire status as net worth plummets 2.5x amid war, Forbes estimates

On Sept. 2, the court sent Kolomoisky into custody for 60 days, with a UAH 509 million ($16.7 million) bail. The bail was later increased to UAH 3.8 billion ($104 million).

Read also: Court sets new bail for Kolomoisky at $103 million

The SBU (Security Service of Ukraine), BEB, and the Prosecutor General's Office have presented Kolomoisky with charges under articles 190 and 209 of the Criminal Code of Ukraine – legalization of property obtained by fraudulent means.

Read also: Court keeps Ihor Kolomoisky in custody

Ukraine’s SBU security service alleges that from 2013 to 2020, Kolomoisky laundered over half a billion hryvnias by transferring funds abroad, using then-his PrivatBank.

By Sept. 15, Kolomoisky was further charged with embezzling UAH 9.2 billion ($249 million) from PrivatBank and illegally seizing UAH 5.8 billion ($157 million).

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Read the original article on The New Voice of Ukraine