Ukrainian oligarch Ihor Kolomoisky detained on suspicion of fraud and money laundering

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Ukrainian oligarch Ihor Kolomoisky detained on suspicion of fraud and money laundering
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Arrest of one-time ally of President Volodymyr Zelenskiy comes as Kyiv attempts to crack down on corruption

A Ukrainian court has ordered tycoon Ihor Kolomoisky to be held in custody for two months on suspicion of fraud and money laundering, a striking move against one of the country’s most powerful businessmen.

After a hearing at a district court in Kyiv late on Saturday, Kolomoisky, one of Ukraine’s richest men, was shown being led away in a blue tracksuit jacket in television footage. He could not be reached for comment. “Without a doubt, there will be no more decades-long ‘business as usual’ for those who plundered Ukraine and put themselves above the law and any rules … The law must work,” the president said.

Before winning the presidency, Zelenskiy rose to prominence as a comedian and played the role of president on a show aired on a Kolomoisky-owned TV channel. He denies Kolomoisky has had any influence over the government.

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