You're reading: PrivatBank files claim to court of Cyprus against PwC seeking $3 billion compensation

PrivatBank files claim to court of Cyprus against PwC seeking $3 billion compensation

By Interfax-Ukraine.
Clients walk out the office of the PrivatBank in the center of Kiev on Dec. 19, 2016. PrivatBank and two Russian ones accounted for most of the $900 million in banking sector losses in 2017 in Ukraine, according to the National Bank of Ukraine.
Photo by AFP

Public joint-stock company PrivatBank (Kyiv) is accusing PricewaterhouseCoopers Limited (Cyprus) and PricewaterhouseCoopers (Ukraine) LLC of violation of their commitments during the audit of the financial reports of the bank for 2013-2015.

PrivatBank filed a claim to the regional court of Nicosia (Cyprus) against these companies, seeking $3 billion of compensation of losses caused by their actions, the press service of the bank told Interfax-Ukraine.

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