May 18 A Ukrainian court has approved a
central bank request to freeze the real estate and moveable
property of Ukrainian businessman Oleg Bakhmatyuk in connection
with the failure by a bank owned by him to repay loans of about
$160 million, the regulator said on Wednesday.
Last year parliament introduced laws making owners of banks
accountable if their institutions collapse, prompted by an
economic crisis that pushed scores of lenders in Ukraine’s
overpopulated and shadowy banking sector into bankruptcy.
The central bank said the court had decided to freeze
Bakhmatyuk’s property while it considers a lawsuit brought by
the central bank over 4 billion hryvnia ($158 million) it lent
to Finansova Initsiatyva, which was ind…
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