Victor Pinchuk is to pay Dominique Strauss-Kahn to sit on the board of his Ukrainian bank, Credit Dnepr

Victor Pinchuk (lead image, upper left) is to pay Dominique Strauss-Kahn (right) to sit on the board of his Ukrainian bank, Credit Dnepr. The Kiev Post reports the appointment, announced by the bank this week, as having “ the aim of boosting corporate governance.”

n March 2015, the National Bank of Ukraine said it was giving Credit Dnepr  a bailout loan of UAH 357 million “to shore up liquidity of this bank and enable it to meet its obligations to individual depositors.” Since then it has been revealed that Pinchuk has been paying freebies for the Kiev representative of the International Monetary Fund (IMF), Jerome Vacher, while the IMF, along with the World Bank, have been providing the cash to the National Bank to refinance the insolvent Ukrainian banks. Vacher and the World Bank have also relaxed their conditions for recapitalizing the banks by shareholders like Pinchuk.

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http://russia-insider.com/en/russias-friend-goes-work-russian-enemy-dominique-srtauss-kahn-takes-job-victor-pinchuk/ri12663

 

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