“On May 21, the nationalized Ukrainian PrivatBank filed a remarkable civil case against its prior owners Ihor Kolomoisky and Gennady Bogolyubov in the state court of Delaware. The three co-defendants are US citizens in Miami and nineteen anonymous companies,” reads the article by Atlantic Council senior fellow Anders Aslund.
The defendants are accused “for hundreds of millions of dollars of damages arising in connection with claims for…unjust enrichment, for fraudulent transfer under state laws (including Delaware and Ohio), for violations of Ohio’s [Racketeer Influenced and Corrupt Organizations] statute, and for civil conspiracy” (p. 2).
As noted, the most striking statement is “From 2006 through December 2016, the total movement of funds (credits) into the [ultimate beneficiary owners’] laundering at PrivatBank Cyprus was $470 billion, which amounts to approximately double the Gross Domestic Product of Cyprus during the same period” (p. 77). If this is true, this is the biggest case of money laundering in history, and it has been perpetrated by one single group.