Kolomoisky and Bogolyubov were ordered to compensate "PrivatBank" three billion dollars
The High Court of England has ordered the former owners of "PrivatBank," Ihor Kolomoyskyi and Hennadiy Boholiubov, to compensate the bank for over $3 billion in damages and court costs.
This is reported by "PrivatBank".
The main amount of damages to be paid to "PrivatBank" has been determined by the court at $1,761,957,792 USD.
The court also ordered Kolomoyskyi and Boholiubov to pay interest totaling $1,190,083,824 USD and to make an advance payment to cover "PrivatBank" expenses amounting to £76,400,000 (approximately $99,575,371 USD).
Kolomoyskyi and Boholiubov appealed to the court for permission to file an appeal against the decision and to suspend its execution until such an appeal is considered. However, both motions were denied by the court.
Thus, all the above-mentioned amounts are to be paid by November 24, 2025, and if not paid by this date, interest will accrue on them.
"If these amounts are not paid voluntarily, PrivatBank will immediately initiate enforcement proceedings and seek to enforce the court decision through the assets of the former owners to obtain compensation for the bank and, accordingly, for its shareholder – the Government of Ukraine," the statement says.
The assets of the former owners have been under a court order for worldwide asset seizure since December 2017.
The court ordered Kolomoyskyi and Boholiubov to pay "PrivatBank" expenses based on "full compensation," which results in a higher amount of compensation when the behavior of the losing party provides grounds for such a decision.
In this context, Judge Trauer noted that "...the positions of the defendants were essentially implausible and built on conscious falsehood," as well as that Mr. Boholiubov's attempt to distance himself from fraudulent actions "was deeply misleading and dishonorable."
The court established that both Mr. Kolomoyskyi and Mr. Boholiubov presented "a position aimed at misleading the court."
"PrivatBank" welcomes the court's decision to recover this significant amount in favor of the bank. This confirms the reasonableness of the bank's decision to continue this legal process against Mr. Kolomoyskyi and Mr. Boholiubov for many years despite significant challenges in holding them accountable for fraudulent actions," the statement says.
