KIEV, Dec. 13 – The Prosecutor General's Office (PGO) in Kiev has opened a criminal case over embezzlement on an especially large scale against officials of insolvent VAB Bank and its owner Oleh Bakhmatiuk.

The businessman denies the accusations, labeling them a prearranged PR stunt by the head of the National Bank of Ukraine and calls on the central bank to find a compromise to really return funds to depositors.