Ukraine Says Yanukovich Ex-Aide Stole From Central Bank

KIEV, Ukraine -- Ukraine's SBU state security service on Wednesday accused a banker who once worked for President Viktor Yanukovich of stealing over $140 million from the central bank, other banks and the state deposit insurance fund.

Viktor Yanukovych

The SBU said Pavlo Borulko - who briefly worked as an aide to Yanukovich in 2007 when the current president was prime minister - took out loans backed with fake title-deeds and claimed deposit insurance by forging the identities of his banks' customers.

Six other people were involved in the illegal schemes, it added.

"The total damage to the state was more than 1.3 billion hryvnias ($163 million)," Ivan Derevyanko, the head of the SBU's main investigations unit, told reporters.

Borulko was detained in neighbouring Belarus last December and Ukraine is seeking his extradition.

The Kommersant-Ukraine newspaper on Wednesday quoted a statement by Borulko dated March 13 in which he denied any wrongdoing, saying he was a victim of extortion by the SBU.

Source: Chicago Tribune