Audit of PrivatBank completed, now the Ukrainian govt. has to decide what to do

Krolls’ audit PrivatBank has been passed along to the Ukrainian government and now the fun begins. Ukraine’s central bank said the investigation showed that that the bank had been “subjected to a large-scale and coordinated fraud” over at least a decade.

The fraud resulted in the bank, which was taken into state control in 2016, suffered a loss of at least $5.5-billion, the central bank said in a statement on Jan. 16. Central bank deputy governor Kateryna Rozhkova said that the findings have been passed to the Prosecutor-General’s Office for use in a possible criminal investigation into the deals made before PrivatBank was nationalized.

However, one of the bank’s former main shareholders, Ihor Kolomoyskiy, dismissed the results of the probe as “nonsense.”

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what does this mean for privat in usa – ie felman ????