The IMF is pressuring Ukraine’s new government to go after former bank owners to retrieve assets that evaporated during the 2014-2015 banking crisis

The IMF is pressuring Ukraine’s new government to go after former bank owners to retrieve assets that evaporated during the 2014-2015 banking crisis. In the Pysaruk case, arrest warrants were issued Monday for eight people – three former National Bank of Ukraine officials and five former executives of VAB bank. The National Anti-Corruption Bureau, or NABU, charges that Pysaruk and his colleagues approved a $50 million emergency loan to the failing bank. The collateral was real estate, with appraisals reportedly falsified to 25 times real value. One month later, the central bank closed VAB. The money was never recovered. NABU says the number of indicted bankers – public and private – could go over15.