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Friday, January 29, 2016

Ukraine court rules to seize UAH 8.5 bln from Sberbank of Russia

Ukraine's Rivne city court has issued a ruling to seize UAH 8.5 billion kept in an individual's bank accounts at Ukrainian-based Sberbank of Russia JSC, according to news web portal zahid.net.

The ruling was issued on January 26 in the framework of considering a lawsuit filed by businessman Yevhen Pukhalsky, who demands that the bank repay EUR 324 million in deposited funds and interest, the portal said.

The plaintiff concluded an agreement on granting the right to use the funds of the deposit to four charitable funds. The charity organizations may be entitled to almost UAH 8.5 billion if the businessman wins the case, the report said. The lawsuit was first admitted by Kyiv's Pechersk District Court, but later it was transferred for the Rivne court.


The businessman refused to explain the origin of those funds in dispute, saying he had acted in the interests of an offshore company, which can be proved by relevant documents. The company's name was not disclosed either.

Earlier it was reported that in June 2014, 33-year-old businessman Pukhalsky deposited EUR 300 million in Sberbank of Russia's Luhansk branch. The deposit amount is said to have increased by EUR 24 million in interest, totaling over UAH 8 billion as per the exchange rate of the National Bank of Ukraine. Sberbank of Russia refused to repay the mentioned sum to the customer, and he filed a lawsuit.





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