In the High Court of London, it was decided that the case on the claim of PrivatBank against its former owners Igor Kolomoisky and Gennady Bogolyubov was not judged by him, but PrivatBank is going to appeal this decision.

This is stated in the message Privat.

"Today there was a hearing with the participation of Judge Funkort in London’s High Court on issues that were considered during the hearing from July 25 to July 31, 2018. The judge concluded that the evidence basically indicates carefully planned fraudulent activities and money laundering on a particularly large scale, that the defendants admit that the bank has a reasonably sound case to consider at least hundreds of millions of US dollars and that the supply contracts appealed bank, are imaginary, used as a cover to justify leaking huge amounts of funds from the bank ", - said in a statement.

Despite the fact that the judge admitted that the bank was the victim of large-scale fraud - in the amount of approximately $ 329 million. US up to 1.2 billion dollars. USA, - he concluded that an English court has no jurisdiction to consider a claim of the Bank against its former shareholders.. At present, the court decision has not been formally rendered, since the judge is considering the amount of the bank’s fairly reasonable case, which was submitted for consideration this morning..

This court decision is only the first stage of the process, according to the financial institution. PrivatBank received permission to appeal against him in the matter of jurisdiction, and "he is absolutely sure that ultimately he will be able to bring his claim to consideration in the court of London". The court order on the worldwide arrest of assets will remain in full force for consideration by the Court of Appeal of other issues of the bank regarding obtaining permission to appeal on other grounds..

"It is clear that the judge did not doubt that the former shareholders are responsible for multi-billion fraud actions in the bank. We will continue to return these funds through a lawsuit in London and believe that an English court will ultimately administer justice between the parties, "said Bank Chairman Peter Krumhanzl.