The state loses $ 7 billion to Surkis companies: what are the risks of the banking system and what will PrivatBank do next

Quarantine and the coronavirus epidemic in Ukraine did not interfere with the Kiev Court of Appeal on April 15, following the results of the session, to confirm the ruling of a Pechersk District Court judge. Judge ruled to recover $ 259 million from state-owned PrivatBank (7 billion) for the benefit of English companies related to the Surkis family.

PrivatBank legal adviser Andriy Pozhidaev states that this decision is no longer subject to appeal before the Supreme Court of Ukraine.

«Positions PrivatBank, the sheriff and the plaintiffs were heard at the last court hearing (13 April – Ed.). In reality, the position of the Cabinet of Ministers of Ukraine, representing the Ministry of Justice, was heard. They fully supported the arguments, the arguments they used in their appeal to PrivatBank. They completely took over the position of PrivatBank, as did the representatives of the Cabinet of Ministers. Furthermore, it was stated that Judge Podpaliy was unable to review this statement at all because in 2017, one of the actions that took place in the framework of this case, Judge Podpaliy recused himself. And in 2020, he still decided to consider and issued a suitable decision, “said Pozhidayev.

According to him, the judges listened to the parties and went to the counseling room. And then they came to the decision that PrivatBank and the state sheriff’s appeals should be dismissed and that Judge Arson’s decision should not be changed.

We will recall that, at the request of the State Sheriff of the Ministry of Justice, the judge of the Pechersky District Court of Kiev Podpaliy on February 25, 2020, deciding on the clarification of the decision on obtaining the claim of six offshore companies (CAMERIN INVESTMENTS LLP, SUNNEX INVESTMENTS LLP, TAMPLEMON INVESTMENTS LLP, BERLINI COMMERCIAL LLP, LUMIL INVESTMENTS LLP, SOFINAM INVESTMENTS LLP), whose proceedings were suspended in 2017, on the plaintiffs’ side. In fact, the judge forced PrivatBank to pay these companies the funds that were deposited in the accounts of the Cyprus Branch of Privatbank in 2012-2014, as well as the interest, which according to the terms of said agreements, should have accrued since the time of the signing of the deposit agreements until February 17, 2020. that is $ 259 million

NV Business has discovered what risks arose in connection with this scandalous court decision and what will be the 7 billion UAH that PrivatBank planned to pay in the form of dividends to Ukraine’s state budget.

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Vitaliy Sich, editor-in-chief

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