Tycoons Must Pay $3 Billion After Ukrainian Bank Fraud Case Loss

Two former Ukrainian billionaires were ordered to pay more than $3 billion by a London judge after they were found liable for a fraud that cost the state-owned lender Privatbank PJSC billions of dollars.

Igor Kolomoisky and Gennady Bogolyubov must pay about $1.8 billion in damages and a further $1.2 billion in interest along with the £76 million ($100 million) that the bank spent on the long running litigation, the judge said in a judgment on Monday.