Ukrainian Billionaire Ihor Kolomoisky Behind Zelensky’s Rise Arrested

According to a statement released on Saturday by the Security Service of Ukraine, Ukrainian billionaire Ihor Kolomoisky, who was behind Zelensky's Rise, was arrested.

Ihor Kolomoisky is one of the richest people in Ukraine, with an estimated net worth of slightly under $1.7 billion. He was detained over the weekend by Ukrainian authorities on a number of fraud and money laundering accusations, just as the government is attempting to demonstrate to the outside world that it is capable of fighting systemic corruption.

According to a statement released on Saturday by the Security Service of Ukraine (SBU), the billionaire - who is described as the "de facto owner of a large financial and industrial group" - allegedly attempted to launder more than 500 million Ukrainian hryvnia ($13.5 million) by "transferring it abroad, while using the infrastructure of banking institutions controlled by him."

He has been placed in pretrial jail for two months while an investigation is on...

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