Court compels oligarch Kolomoyskyi to pay around 11 bln rubles to Crimean depositors - paper

The Central Court of the city of Simferopol has issued in absentia a judgment that Ukrainian billionaire Ihor Kolomoyskyi's Privatbank owes 10.9 billion rubles to its Crimean depositors, according to the Izvestia newspaper which cited a court spokesperson.

The Central Court of the city of Simferopol has issued in absentia a judgment that Ukrainian billionaire Ihor Kolomoyskyi's Privatbank owes 10.9 billion rubles to its Crimean depositors, according to the Izvestia newspaper which cited a court spokesperson.

 

The court ruling acknowledges this debt to the depositors and compels the bank "to discontinue unlawful actions, i.e. failure to fulfill its obligations to individuals residing in the Crimean Federal District with bank deposits and account agreements the bank signed with them," the newspaper wrote.

 

In their ruling, the judges cited data from the Foundation for Depositor Protection (FZV), which by the time of the inquiry had received over 100,000 complaints, with outstanding obligations totaling 10.9 billion rubles, newspaper wrote.

 

The FZV lawyers see this as their first victory in a string of legal actions, FZV sources told Izvestia.

 

"The decision by the Central Court of Simferopol is made in favor of the interests of an unlimited circle of people. Given that the court recognized the bank's unlawful actions, the Foundation is planning to recover the debt owed on deposits and accounts in a separate lawsuit. By now, the Foundation has filed lawsuits against 37 banks, steps are being made to legally restrict their right to dispose of assets in the Crimean Federal District. To date, measures have been taken to seize assets of 17 credit institutions, including Privatbank and Oschadbank," the FZV said.

 

Earlier Andrei Melnikov, Deputy General Director of the Deposit Insurance Agency (ASV), stated that he hopes to return approximately half of the sum paid to Ukrainian bank clients who worked in Crimea. By the middle of October, 200,000 Crimean depositors had been paid a total of 23.2 billion rubles.

Read more: Gorbachev: West has probably accepted fact that Crimea is Russia>>>

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