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Sense Bank appoints new board member after corruption probe

Peter Novak, a Slovak with 25 years of experience in the IT and banking sectors, replaced former board member head Mykola Hladyschenko after he was officially dismissed from his position on Aug. 21 by the government due to his suspected involvement in a money laundering scheme.

Sense Bank appoints new board member after corruption probe

Sense Bank has appointed a new independent board member, Peter Novak, following accusations from anti-corruption investigators that former CEO Oleksiy Stupak and former supervisory board chairman Mykola Hladyschenko assisted in laundering illicit funds through the bank. Mr. Novak, with over 25 years of experience in IT and banking, replaced Hladyschenko on August 24, following Hladyschenko's dismissal by the government on August 21 due to suspected involvement in the scheme.

The bank stated that Novak's international banking expertise will enhance the Supervisory Board and aid its development for privatization. The suspects in the investigation are accused of laundering 150 million hryvnias ($3.4 million) and transferring funds to bail former Justice and Energy Minister Herman Halushchenko. President Zelensky's former deputy chief of staff, Iryna Mudra, is among the highest-ranking suspects.

The scandal has led the Finance Ministry to accelerate the sale of Sense Bank, which was nationalized in 2023. Currently, the bank's supervisory board lacks the required number of members to function, with only four members listed. Mudra was recently placed in custody and has denied any wrongdoing.

Written by urgent.news from Kyiv Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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