Billions of dollars have been stolen from Ukrainians through various abuses of the banking system over the past decade, and many of the crooks remain unpunished, according to a Feb. 4 press release by the Deposit Guarantee Fund of Ukraine.
Citing one example, the fund, the state body responsible for overseeing the operation and liquidation of banks in Ukraine and refunding depositors, said Hr 2.3 billion, or $82 million, was smuggled out of Khreshchatyk Bank prior to the banks bankruptcy in 2016, with the money being transferred to shell companies.
Altogether, nearly Hr 7 billion, o…
Read the full article at: https://www.kyivpost.com/business/hr-2-3-billion-smuggled-out-of-bank-prior-to-bankruptcy.html