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 Court reinstates NBU ex-deputy head suspected of $2 billion theft

The District Administrative Court of Kyiv has invalidated the National Bank order of Oct. 22, 2014 on dismissal of Borys Prykhodko as NBU deputy head and restored him in office.

This is stated in court's judgment of Dec. 28, Censor.NET reports citing lb.ua.

Prykhodko also has to be paid salary for the entire period of forced suspension.

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Prykhodko, who was fired under lustration law, filed a lawsuit, stating he hadn't undergone screening. The court agreed with the arguments of the plaintiff.

Prykhodko was appointed NBU first deputy head in December 2012. In March 2014, Volodymyr Krotiuk took the office of the first deputy head, while Borys Prykhodko was reduced to the post of deputy head. Thus, according to the formal criteria, he is subject to the dismissal under lustration. Only a failure to comply with procedural aspects led to his restoration in office.

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On July 31, 2014, Prykhodko was apprehended by the Prosecutor General's Office. The investigators found that in February 2014, Prykhodko together with Ahrarnyi Fond JSC board chairman Oleksandr Kiriuk and Brokbusinessbank supervisory board chairman Denys Buhai illegally seized the money of the said company in the amount of more than 2 billion hryvnias (approx. $76.06 million). The court sent him in custody with the possibility of posting bail in the amount of 200 million hryvnias (approx. $7.606 million). In December 2014, Prykhodko was reported to have been released from custody. No official information by the PGO has been released so far.

As previously noted, Prykhodko was discharged as deputy head of the NBU under lustration.
 
 
 
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