State PrivatBank sold the credit obligations of Borivage LLC at a significantly reduced price, despite the court prohibition and open criminal case. Former shareholder and member of the supervisory board of PrivatBank Alexei Martynov reported this.
Borivaga loans worth almost UAH 3,556 billion were auctioned with the possibility of reducing the price to UAH 2 billion. PrivatBank realized the right to claim on loans issued on the pledge of grain terminal in the port "Southern" in Odessa region.
According to experts, the cost of the terminal, estimated in 2015 by Pricewaterhouscooopers of $ 340 million, has increased due to the strategic importance of grain exports during the war.
Martynov stated that the buyer of the debt was a company related to businessman Sergei Tigipk, the owner of Taskombank. According to him, the operation is beneficial for the former owners of Privatbank - Igor Kolomoisky and Gennady Bogolyubov.
"Tigipko helps the former owners of Privatbank. Thanks to this agreement, they will be able to avoid the negative consequences related to the future decision of the High Court of England in the case of compensation of losses, which are estimated at $ 4.2 billion with interest," Martynov said.
He also noted that Bogolyubov actually bought his loans with a discount of more than UAH 3 billion. In addition, the former owners of Privatbank will cease to be official owners of the port "Boriva", which will complicate the arrest of this property.
