Ukrainian oligarch Ihor Kolomoisky faces mounting legal challenges and corruption allegations

Ukrainian oligarch Ihor Kolomoisky, once a powerful figure with significant influence on President Volodymyr Zelensky, is now facing multiple criminal investigations and the risk of losing his assets. Ukrainian anti-corruption authorities have opened several cases against Kolomoisky, including allegations of embezzlement and money laundering. He has been detained and faces up to 12 years in prison if convicted. Kolomoisky's legal troubles began in 2016 when officials discovered billions missing from PrivatBank, Ukraine's largest retail bank. Since then, his wealth has significantly decreased, and his businesses have come under pressure. The cases against Kolomoisky are part of Ukraine's anti-corruption campaign, signaling zero tolerance for graft.