State-controlled PrivatBank has filed a new lawsuit in Cyprus courts, demanding compensation in the amount of $5.5 billion for the schemes bearing all the signs of fraud and money laundering, which, according to the bank, were committed by its former shareholders Ihor Kolomoisky and Hennadiy Boholiubov, former first deputy chairman of the board Timur Novikov and two Cypriot companies, PrimeCap (Cyprus) Limited and Duxton Holdings Limited, the bank has reported.

According to the bank, the new lawsuit was filed in Cyprus on April 3, 2020, after a Cypriot court had issued a document preservation order against PrimeCap.