As previously reported, PrivatBank (the Bank) is bringing proceedings before the District Court of Tel-Aviv-Jaffa, Israel, against its former owners and other defendants for their alleged acts of fraud, misappropriation and money laundering by which at least USD 600 million (approx. UAH 16.5 billion) is claimed to have been unlawfully extracted from the Bank between 2007 and 2011 and transferred to a bank account held with Israel Discount Bank.

Pursuant to an order of the Israeli Court dated 26 April 2021, the Bank is publishing notices in Holos Ukrayiny newspaper in order to serve the Israeli claim on Igor Kolomoisky and Gennadiy Bogolyubov, as well as on other defendant Vyacheslav Kartashov (a longstanding confidant of theirs and currently the Head of the Department for Legal Affairs of PJSC Ukrnafta), under the Hague Service Convention in Ukraine.

Whilst Kolomoisky and Bogolyubov have already been validly served with the claim in Israel, in light of their and Kartashov’s previous efforts to avoid being served in Ukraine, these further steps are being taken by the Bank to eliminate any argument they may seek to make, however spurious, that they have not been validly served, and to ensure that they face justice for their unlawful acts before the Israeli Court.

See Bank's previous statements on its claim before the District Court of Tel-Aviv-Jaffa here:

• https://privatbank.ua/news/2021/3/30/1415;
• https://en.privatbank.ua/news/2020/12/9/1340;
• https://en.privatbank.ua/news/2019/12/19/1101.