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Ex-PrivatBank owner accused of concealing $1 billion cash ahead of UK fraud trial

By Annie Robertson ( January 26, 2021, 17:28 GMT | Insight) -- A former owner of PrivatBank has been accused by the lender of seeking to conceal $1 billion in cash holdings linked to Bitcoin “beyond the bank’s reach,” ahead of a multibillion-dollar trial against him related to fraud and money-laundering. In an application hearing at London's High Court, PrivatBank’s lawyer urged the court to allow for cross-examination of Igor Kolomoisky “to get to the bottom of what the true position of the asset is."A former owner of PrivatBank has been accused by the lender of seeking to conceal $1 billion in cash holdings linked to Bitcoin “beyond the bank’s reach,” ahead of a multibillion-dollar trial against him related to fraud and money-laundering....

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