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Kiev district court approves moves against Ukraine bank Cypriot branch
Journal Staff Report

KIEV, Aug. 8 – Kiev's Pechersky district court on July 29 approved four rulings that arrest some accounts in the Cypriot branch of the largest bank in Ukraine – PrivatBank (Dnipro) – as part of an investigation into embezzlement of UAH 19 billion of refinancing funds issued by the National Bank of Ukraine (NBU).

According to the rulings posted on the website of the public ruling register, the chief investigation department of the Prosecutor General's Office of Ukraine is conducting a pretrial investigation in criminal case No. 42014000000001261 (recorded on November 13, 2014) into the embezzlement of NBU's funds by managers of PrivatBank.




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