Ukraine's Tycoon Kolomoisky Suspected in Fraud Probe

Ukrainian billionaire and former supporter of President Volodymyr Zelenskiy, Ihor Kolomoisky, has been named a suspect in a criminal investigation by Ukraine's main security agency. The Security Service of Ukraine (SBU) accused Kolomoisky of fraud and money laundering, alleging that he had illegally withdrawn over half a billion hryvnias ($14 million) abroad using banks under his control. Kolomoisky, who has previously denied allegations of wrongdoing, is one of Ukraine's richest men and has been under U.S. sanctions since 2021. The move against him comes as Kyiv aims to crack down on corruption and signal progress during the ongoing war in the country.