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London court rules oligarch liable over $1.9 bn Ukraine loan scheme

The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they “unlawfully” appropriated from a Ukrainian bank they owned, London’s High Court ruled Wednesday. Judge William Trower found that Kolomoisky and Gennadiy Bogolyubov extracted more than $1.9 billion from PrivatBank, Ukraine’s largest bank, in a “highly…

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