Cabinet suspends Sens Bank management after NABU disclosures
The Ukrainian government has suspended the supervisory board chair of the state-owned Sense Bank and has sought to suspend the bank’s chief executive, Prime Minister Sergii Koretskyi said on Aug. 19.
The Ukrainian government has taken decisive action after the National Anti-Corruption Bureau of Ukraine (NABU) disclosed evidence of wrongdoing within state-owned Sense Bank. Prime Minister Sergii Koretskyi announced on August 19 that he has suspended the supervisory board chair of the bank and is seeking to suspend the bank’s chief executive.
Koretskyi stated that other officials mentioned in the NABU materials released on the same day should also face accountability. In response, the Ministry of Finance, Ministry of Justice, and National Bank of Ukraine have been tasked with reviewing the bank’s activities, including the conduct of its leadership. Koretskyi emphasized the importance of addressing the findings and maintaining trust in a crucial state financial institution.
Concurrently, NABU conducted searches at various locations, including the office of MP Vadym Stolar, senior officials in the President’s Office, and Sense Bank’s headquarters. The investigation revealed that a group comprising lawmakers and senior officials had conspired to launder UAH150 million ($3.36 million) through Sense Bank to secure bail for former energy minister Herman Halushchenko.
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