Security Service catches bank management on embezzling money from National Bank

Source : 112 Ukraine

The bank received over USD 4 million for re-funding from the central financial entity
19:12, 7 February 2017

Agents of Ukraine’s SBU, the state security service, busted managers of a bank in Kyiv on embezzling the money they received from the National Bank of Ukraine. The sum of the money they received for re-funding was over four million U.S. dollars (UAH 120 million), the SBU’s press service reported.

In 2014, the bank received the money from the central financial entity of Ukraine. Then, one of the owners and the managers started transferring money to one of the owner’s commercial structures. The money was transferred under the disguise of domestic banking operations and funding private clients. The respective operations were confirmed by the documents that the SBU found searching the bank’s office. The bankers pocketed most of the mentioned sum, 108 million Ukrainian hryvnas.

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