: :inin Kyiv (EET)

In Ukraine one more suspect detained for fraud at Bank Mykhailivsky

One more person was detained for suspected embezzling of depositors` funds at Bank Mykhailivsky, the chief of Kyiv`s National Police Department, Andriy Kryshchenko, wrote on Facebook.

”More good news regarding Bank Mykhailivsky. Yesterday the whereabouts of another member of the criminal group charged with stealing depositors` funds was determined and the suspect was arrested,” he wrote.

As UNIAN reported earlier, on May 23 the National Bank of Ukraine (NBU) had declared Bank Mykhailivsky as insolvent  after carrying out dubious operations using individual deposits.

On May 20 Mykhailivsky governor, Ihor Doroshenko, announced his resignation and on the same day, the bank reported that its Operation Bank Day system had failed because of technical reasons. The NBU`s supervisor gained access to the system late on May 20 and found that a large number of transactions had been made to transfer individual deposits from bank-affiliated financial companies. This in turn increased the load on the Deposit Guarantee Fund to UAH 2.6 billion.

On August 12, the National Police announced that it suspected the former governor of Bank Mykhailivsky of embezzling UAH 870 million and bringing the bank to insolvency. He faces seven to 12 years of imprisonment, along with the possible confiscation of his property.

Kyiv`s Shevchenko District Court ordered the former board chairman of PJSC Bank Mykhailivsky to undergo two months of arrest. Bail was set at UAH 137.8 million.


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