The High Court of England and Wales has ordered oligarch Gennady Bogolyubov to provide sworn testimony about his hidden assets by August 7. The reason was suspected of misleading the court during the consideration of the case on the claim of the Ukrainian PrivatBank. If the businessman ignores this requirement, he may be put on the international wanted list, as well as be held criminally liable for contempt of court.
The case concerns multi-billion dollar losses suffered by PrivatBank due to the actions of its former owners, Gennady Bogolyubov and Ihor Kolomoisky. Courts in London are considering allegations of a massive asset drain from the bank through fictitious loans, controlled offshore companies, and tax evasion schemes.
One example is the operation of the grain transshipment terminal of LLC Borivazh in the port of Pivdennyi, connected to Bogolyubov. As investigators have established, agricultural products were exported and imported through this terminal without proper accounting, which caused losses to the state of over 5.5 billion hryvnias.
The court notes that Bogolyubov has repeatedly evaded disclosing full information about his assets. In case of further refusal to cooperate with justice, he may be arrested or other coercive measures may be applied, including confiscation of property.
The case is also being closely monitored by international law enforcement agencies, as some of the hidden assets may be located in jurisdictions outside of Ukraine.
