May 29 2019
A battle for one of Eastern Europe’s largest banks, formed after the fall of the Iron Curtain, has a new front in Delaware.
Privatbank is suing its former owners in Delaware Chancery Court with claims they “brazenly” laundered hundreds of millions of dollars into real estate, mostly in Cleveland, using more than a dozen anonymously owned Delaware companies.
They “used Privatbank as their own personal piggy bank – ultimately stealing billions of dollars,” the suit states.