Editorial photo #4227990 Economy, Business and Finance
Court Rulled Nationalization Of PrivatBank Illigal In Kiev
People enter the branch of Privat Bank in Kyiv, Ukraine, April 26, 2019. Kyiv District Administrative Court ruled that the nationalization of PrivatBank, Ukraines largest financial institution, was illegal. The bank was previously owned by billionaire oligarch Ihor Kolomoisky before the nationalization. The Ukrainian government nationalized PrivatBank after it was found to have an over $5.5 billion hole in its ledger. That money was allegedly extracted by Kolomoisky and his business partner Gennadiy Bogolyubov using fraudulent schemes. (Photo by Sergii Kharchenko/NurPhoto)
