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Sale of 'Boryvazh' port: NABU has opened a case

Sale of 'Boryvazh' port: NABU has opened a case The NABU has opened a case regarding the sale of "PrivatBank's" loans for the "Boryvazh" port (photo: RBC-Ukraine)
Author: RBC Ukraine

The National Anti-Corruption Bureau of Ukraine (NABU) has opened a criminal case regarding the sale of loans by "PrivatBank" to LLC "Boryvazh". According to documents available to the editorial of RBC-Ukaraine, the NABU is investigating possible violations by "Privatbank" officials who may have failed to properly fulfill their duties during the auction process.

As stated in an excerpt from the Unified Register of pre-trial investigations, the actions of the officials may have been aimed at reducing the value of assets pledged as collateral, which are owned by the state.

As known, on December 23, "Privatbank" offered for sale a portion of the claim rights under loan agreements with LLC "Boryvazh" worth almost UAH 3.556 billion.

The starting price of the lot was approximately UAH 3.428 billion. However, as a result of the auction, it was sold at a reduced price of UAH 2 billion.

Previously, former co-owner of "Privatbank" Oleksiy Martynov claimed that this sale caused losses to the state amounting to at least three billion hryvnias.