London court rules oligarch liable over $1.9 bn Ukraine loan scheme

The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they "unlawfully" appropriated from a Ukrainian bank they owned, London's High Court ruled Wednesday.Judge William Trower found that Kolomoisky and Gennadiy Bogolyubov extracted more than $1.9 billion from PrivatBank, Ukraine's largest bank, in a "highly complex loan recycling scheme" between 2013 and 2014.