Advertisement
UK markets close in 54 minutes

  • FTSE 100

    8,363.23
    +49.56 (+0.60%)
     

  • FTSE 250

    20,430.02
    +16.94 (+0.08%)
     

  • AIM

    778.46
    +2.04 (+0.26%)
     

  • GBP/EUR

    1.1618
    -0.0006 (-0.05%)
     

  • GBP/USD

    1.2489
    -0.0021 (-0.17%)
     

  • Bitcoin GBP

    50,004.46
    -532.13 (-1.05%)
     

  • CMC Crypto 200

    1,325.70
    +31.03 (+2.40%)
     

  • S&P 500

    5,183.06
    -4.64 (-0.09%)
     

  • DOW

    38,896.69
    +12.43 (+0.03%)
     

  • CRUDE OIL

    78.04
    -0.34 (-0.43%)
     

  • GOLD FUTURES

    2,324.50
    +0.30 (+0.01%)
     

  • NIKKEI 225

    38,202.37
    -632.73 (-1.63%)
     

  • HANG SENG

    18,313.86
    -165.51 (-0.90%)
     

  • DAX

    18,478.81
    +48.76 (+0.26%)
     

  • CAC 40

    8,151.05
    +75.37 (+0.93%)
     
Money:

How to make a tax-free income

Tips for making money that won't be taxed

Ukraine's Privatbank issues $5.5 billion claim in Cyprus against ex-owners

Reuters - UK Focus
Updated ·1-min read

KIEV, April 3 (Reuters) - Ukraine's largest lender, state-run PrivatBank, said on Friday, it had filed a new $5.5 billion claim in the Cypriot courts against its former owners.

The bank said in a statement it was seeking damages in respect of schemes bearing all the hallmarks of fraud and money laundering which the bank alleges were perpetrated by ex-shareholders.

The government took PrivatBank into state hands in 2016 as part of a donor-backed clean-up of the finance system, saying that shady lending practices under then-major-owner Ihor Kolomoisky had driven the bank close to insolvency.

Kolomoisky denies wrongdoing and disputes the central bank's characterisation of PrivatBank's finances at the time. (Reporting by Natalia Zinets; Editing by Sandra Maler)