By Sam Tobin
PrivatBank’s former owners had “absolute power” over the lender which they used to siphon off nearly $2 billion, pushing it towards nationalisation, lawyers representing Ukraine’s largest bank told London’s High Court on Monday.
AML, Financial Crime, Financial Services
FILE PHOTO: A man sits near a PrivatBank ATM, amid Russia's attack on Ukraine, in central Rivne, Ukraine May 31, 2023. REUTERS/Gleb Garanich/File Photo
By Sam Tobin
PrivatBank’s former owners had “absolute power” over the lender which they used to siphon off nearly $2 billion, pushing it towards nationalisation, lawyers representing Ukraine’s largest bank told London’s High Court on Monday.