Cyprus Court of Limassol has requested Kolomoisky to appear in court to answer to legal action by PrivatBank.

On April 3, 2020, PrivatBank filed a new lawsuit in Cypriot courts, in the Limassol District Court, seeking damages of $5.5 bln for fraudulent schemes including money laundering. The bank claims were committed by its former shareholders: Kolomoisky Bogolyubov, former first deputy chairman Timur Novikov and two Cypriot companies: PrimeCap (Cyprus) Limited and Duxton Holdings Limited. As reported by Interfax, the total amount of claims filed by PrivatBank against Kolomoisky and Bogolyubov in England, Cyprus, the United States, and Israel exceeded $10 bln.