Main Investigation Department of the Prosecutor General’s Office of Ukraine is carrying out pre-trial investigations suspecting officials of PrivatBank in money theft.
The bank is suspected of embezzling money allocated by National Bank of Ukraine, states the decision of the Pechersk District Court of Kyiv (UA).
The investigation found the bank’s employees in 2014 took more than 19 billion UAH, which were allocated for the refinancing of the financial institution. PrivatBank denies all charges.
Meanwhile, the Bank of Italy intends to close the Italian branch of the Latvian lender AS PrivatBank after finding violations that prevent money laundering, reports Reuters (EN).