Ukrainian appellate court upholds Kolomoisky's custody term with option of 509-mln-hryvnia bail

MOSCOW. Sept 26 (Interfax) - The Kiev Court of Appeals on Monday rejected the defense team's appeal and upheld a lower court's ruling that Ukrainian businessman Igor Kolomoisky be remanded in custody or pay bail of 509 million hryvni, Ukrainian media said.

At the court session, 1+1 television channel anchors asked the court to release the businessman under their personal guarantees.

As reported earlier, the Shevchenkovsky District court of Kiev remanded Kolomoisky into custody for two months with the option of posting bail of more than 500 million hryvni.

The court also ordered Kolomoisky to turn over all documents and not to communicate with witnesses.

The businessman refused to post bail of 509 million hryvni, his lawyers said.

The Security Service of Ukraine said that it suspects Kolomoisky of fraud and laundering the assets derived from criminal activity.

Law enforcers established that the businessman legalized more than 500 million hryvni in 2013-2020 by transferring the money abroad, for which he used the infrastructure of the banks under his control.