The National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor's Office (SAPO) have frozen the assets of Ukrainian businessman Ihor Kolomoisky for 48 hours, NABU said in a message on its website on Sept. 8.

NABU later clarified that they are able to freeze assets for a maximum of 48 hours before applying for an order from a judge to extend the term. NABU and SAPO have already made the corresponding request to the High Anti-Corruption Court.

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The freeze covers charter capital of companies owned directly or indirectly by Kolomoisky —

307 legal entities, including joint-stock companies, valued at over UAH 3 billion ($81 million), in addition to nearly 1,000 real estate properties and over 1,600 vehicles.

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NABU explained that this measure ensures the potential confiscation of the oligarch’s property in the PrivatBank embezzlement case.

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On Sept. 7, NABU and SAPO charged Kolomoisky and five other individuals with embezzling funds from PrivatBank totaling more than UAH 9.2 billion ($249 million).

On Sept. 2, a Kyiv court ordered 60-day detention for Kolomoisky. He declined to post a UAH 509 million bail ($13.8 million).

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