Court leaves Ukrainian oligarch Kolomoiskyi in custody but decreases bail

Ihor Kolomoiskyi. Photo: Getty Images

The Shevchenkivskyi District Court of Kyiv left Ukrainian oligarch Ihor Kolomoiskyi in custody until 2 March but reduced bail from UAH 3.9 billion (about US$105 million) to UAH 2.65 billion (about US$78 million).

Source: the Suspilne media outlet with reference to the decision of the corresponding meeting

Details: The prosecutors requested to keep Kolomoiskyi in custody for the duration of the pre-trial investigation.

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At the same time, Kolomoiskyi’s lawyers insisted on changing the restrictive measure from custody to home arrest in the village of Mykilske-on-Dnipro in Dnipropetrovsk Oblast, mainly due to his poor health.

The court also rejected a request to release Kolomoiskyi under guaranty.

Background:

• On 28 November 2023 the Shevchenkivskyi District Court of the city of Kyiv continued the restrictive measure for oligarch Ihor Kolomoiskyi in the form of custody with an alternative of UAH 3.7 billion (about US$105 million) bail until 26 January.
• On 2 September, the Security Service of Ukraine, the Economic Security Bureau and the Prosecutor General’s Office served Kolomoiskyi with a notice of suspicion under Articles 190 and 209 of the Criminal Code for fraud and legalisation (laundering) of property obtained by criminal means. Later Kolomoiskyi was served with two more notices of suspicion about illegal withdrawal of a total of UAH 15 billion (about US$406 million) from Privatbank.

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