Boholyubov and Kolomoisky aim to evade a $1 billion payment, says former shareholder of PrivatBank.

The former owners of "PrivatBank," oligarchs Gennady Bogolyubov and Igor Kolomoisky, are employing a legal strategy that could help them evade the recovery of over 1 billion dollars as per the ruling of the High Court in London.

This was reported by RBK-Ukraine citing Facebook from the bank's ex-shareholder Alexey Martynov.

As noted by RBK-Ukraine, a case is currently being heard in a British court regarding the lawsuit of "PrivatBank" against its former shareholders.

Reports indicate that Bogolyubov refused to pay registration fees for Kolomoisky, resulting in the removal of dozens of companies from the registries, with a total capital exceeding 1 billion dollars.

Martynov believes this is being done so that "PrivatBank" cannot recover the assets of "nonexistent" companies as per the court's ruling. However, the legislation of the British Virgin Islands allows for the reinstatement of companies even 10 years after their removal, as soon as the fees are paid.

According to him, Bogolyubov's lawyer is attempting to convince the public through Kolomoisky-controlled media resources that the exposure of a scheme to hide 1 billion dollars in offshore accounts is supposedly a manipulation.

"The aforementioned scheme is part of a broader campaign to salvage the plundered assets from 'PrivatBank' - this also concerns the notorious port 'Borivazh' (which is also subject to a 'freezing order'), which is being rescued from justice by the hands of Sergey Tigipko," writes Martynov.

The High Court in London has now mandated that Bogolyubov resume the activities of the companies and provide an official report on this matter.