Ukraine Cracks Down on Oligarch Kolomoisky, Once a Backer of President Zelensky
-
Ukrainian authorities have opened multiple criminal cases against oligarch Ihor Kolomoisky, once one of Ukraine's richest men.
-
Kolomoisky is accused of embezzling billions from PrivatBank before it was nationalized in 2016. He denies wrongdoing.
-
Kolomoisky was a backer of President Volodymyr Zelensky but has fallen from grace as Ukraine cracks down on oligarchs.
-
Kolomoisky is currently jailed in Kyiv pending investigation and faces up to 12 years in prison if convicted.
-
President Zelensky said there will be no more "business as usual" for those who plundered Ukraine and evaded justice.