Kolomoisky: All investments in U.S. made at expense of our own funds

The former owner of PrivatBank Ihor Kolomoisky categorically denies the US Justice Department’s accusations of misappropriation and laundering of the bank’s funds, Interfax-Ukraine reports.

According to him, all investments in the United States were made at the expense of funds received from their own business.

“All investments in the United States were made from our own funds received in 2007-2008 from the deal with Evraz and from the income of other businesses stored in PrivatBank. Anything else is categorically rejected,” Kolomoisky said.

The US Department of Justice has filed two civil claims for confiscation of property, claiming that commercial real estate in Louisville (Kentucky) and Dallas (Texas) was acquired using misappropriated funds from PrivatBank and is subject to confiscation on the basis of violations of federal money laundering law.

Read also: U.S. Department of Justice demands to confiscate real estate from Kolomoisky and Boholyubov purchased with funds misappropriated from PrivatBank.