Open source
Pecherskyi District Court of Kyiv ruled to arrested the property of Ordzhonikidze Mining and Processing Plant PJSC, Nikopol Ferroalloy Plant PJSC, Marganets Mining and Processing Plant PJSC, Dneprazot PJSC and other enterprises controlled by the former owners of PrivatBank.
As RBC-Ukraine reported, the court made this decision on the case of misappropriation of state funds by PrivatBank officials, allocated as stabilization loans and refinancing in the amount of over UAH 19.7 billion.
It was established that during 2014, PrivatBank officials issued loans to 42 business entities controlled by Privat Group, provided loans in the amount of USD 18 mln to USD 73 mln secured by property rights for goods.
“However, the goods were not delivered to this time. The funds in the terms stipulated by the contracts are not returned. Property rights to the non-received goods, which are owned by PJSC PrivatBank, did not ensure the repayment of loans and the return of funds to a banking institution,” the court said.
As a result, in 2016, the state represented by the Ministry of Finance of Ukraine in order to prevent the destabilization of the financial market at budget expense in the amount of UAH 116 billion, to nationalize PrivatBank, which led to serious consequences, the decision says.
As The Journalist reported, IT sector provides 4% of the Ukraine’s GDP.
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