KIEV, Oct. 22 - Financial irregularities worth some UAH 8 billion have been discovered in Rodovid Bank after the bank transferred to state control, while financial irregularities worth UAH 2 billion were found in Bank Kiev and Ukrgasbank, the head of the chief audit department, Petro Andreyev, said at a press conference on Thursday.

"Around UAH 8 billion was embezzled from the bank [Rodovid Bank] under fake agreements and contracts… the same situation was seen in Bank Kiev and Ukrgasbank – with around UAH 2 billion [embezzled]. Bank Kyiv was used as a money-laundering base for cashing money," he said.