Ex-PrivatBank Owner Ordered To Produce Iron Plant Earnings

By Sophia Dourou (June 14, 2022, 7:12 PM BST) -- A London judge has ordered a former owner of the Ukrainian PrivatBank to retrieve payments stemming from his interest in an iron ore mine after his assets were frozen ahead of a $4.2 billion fraud trial delayed by Russia's war.

Judge William Trower said there was no "good or commercially sound" reason for Igor Kolomoisky not to retrieve a $65 million payment he was owed by the complex Kryvyi Rih Iron Ore Combine — also known as KZhR, in a High Court judgment handed down on Tuesday.

State-owned PJSC Commercial Bank PrivatBank is accusing Kolomoisky, alongside fellow former owner Gennadiy Bogolyubov...

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