Ukraine tycoon Ihor Kolomoisky named suspect in fraud probe

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Ukraine tycoon Ihor Kolomoisky named suspect in fraud probe
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Ukraine's main security agency accused tycoon Ihor Kolomoisky of fraud and money laundering on Saturday, naming one of the country's most prominent businessmen a suspect in a criminal investigation.

The move against Kolomoisky, one of Ukraine's richest men and a one-time supporter of President Volodymyr Zelenskiy whose election he backed in 2019, comes as Kyiv is trying to signal progress during a wartime crackdown on corruption.

Before Russia's invasion of Ukraine in February last year, Zelenskiy and his team tried to clip their wings with legislation requiring oligarchs to register and stay out of politics. Western governments will not want to pour in funds to rebuild the country if they think are lining the pockets of oligarchs.

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