U.S. investigate illegal activity of Ukrainian oligarchs Kolomoysky and Bogoliubov, - media

Source : 112 Ukraine

Ukrainian billionaires created a system of “fictitious” loans that went through the U.S. steel plant and brought it to bankruptcy
17:19, 6 October 2019

Ukrainian oligarch Ihor Kolomoysky

The names of Ukrainian oligarch Igor Kolomoisky and his business partner Hennadiy Bogoliubov were mentioned in the United States in yet another scandal involving money laundering and the bankruptcy of a large metal plant as a result of fictitious credit schemes. reports this.

“Three years ago, a steel plant in Warren, Ohio, finally shut down, leaving nearly 200 workers out of work in the middle of a cold winter in the Midwest. The company then said it had to shut down due to unforeseen business circumstances. However, lawyers in Delaware court stated that the steel plant suffered from a “series of large-scale and coordinated fraudulent schemes” that brought it to bankruptcy. These schemes were organized by Kolomoisky and Bogolyubov, according to lawyers.

Ukrainian billionaires created a system of “fictitious” loans that went right through the steel plant, then through a network of “related parties,” and then were transferred to other organizations controlled by billionaires, the lawsuit said.

"Using these schemes, the defendants illegally issued millions of dollars of illegal, insufficiently secured loans," lawyers assure.

Related: Kolomoisky's influence to have negative impact on Ukraine's relations with IMF, - Pifer

Earlier the obvious influence of Ukrainian businessman Igor Kolomoysky, on President Zelensky and on Ukraine's authorities as a whole caused concern of the French media.

Le Monde informed that their connection was noticed during the election campaign when the billionaire lived in Switzerland and Israel after revealing of PrivatBank scandalous schemes.

“This is Igor Kolomoysky, the owner of the TV channel that made Zelensky famous. He took refuge in Switzerland and Israel in 2016 when the Central Bank of Ukraine tried to clean up the country's financial institutions with the help of the IMF. Also it nationalized his PrivatBank, after identifying fraudulent practices and a hole in 5,5 billion dollars," the article says.

The newspaper also noted the connection of the businessman with the inner circle of the president. In particular, head of the President's Office Andriy Bogdan is a former lawyer for Kolomoysky.

Related: Ukraine agreed to Steinmeier formula in exchange for Kolomoisky’s business with Russia, - political analyst

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