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Fraud transactions for $600 million in PrivatBank - Hontareva 04/10/2017 13:27:28. Total views 929. Views today — 0.

Fraudulent operations for around $600 million were made in PrivatBank before its nationalization. This was announced by the head of the National Bank of Ukraine Valeriya Hontareva during the press conference in Kyiv, OstroV’s correspondent reports.

"You know that the program of additional capitalization of Privatbank was developed. The former owners, in particular Ihor Kolomoisky, gave us a personal guarantee for the implementation of this program, but neither the management nor the shareholders of the bank complied with it. The identified problems were not only confirmed, they, unfortunately, were even increased. The post-audit established that not 97%, but 100% of the corporate portfolio was issued to affiliated persons. The necessity to additionally capitalize is more and the state would have to pay more money for the management of the bank by this team of oligarchs and managers", - she said.

“On the last night, they conducted fraudulent transactions amounting to more than $600 million”, - she said.

"Unfortunately, the country will have to spend more money to fully capitalize this bank", - Hontareva said.