Ukraine Moves to Fire Judge Behind Infamous PrivatBank Ruling

News

Ihor Kachur, who shocked the country in 2019 by ruling that the state's takeover of Ukraine's largest bank was illegal, is being dismissed over a separate judicial corruption scandal.

Banner: Olga Vaganova

Reported by

Alena Koroleva
OCCRP
March 24, 2026

A Ukrainian judicial disciplinary committee has moved to fire Ihor Kachur, a highly controversial judge accused of participating in a massive court corruption ring.

Pending a final vote, Kachur has been suspended from the bench. While the current charges against him stem from secret audio recordings of judges fixing cases, Kachur is best known to the public for his role in the PrivatBank scandal—one of the largest financial frauds in Eastern European history.

The PrivatBank Scandal

Until 2016, PrivatBank was Ukraine's largest commercial lender, handling the accounts of millions of everyday citizens. However, international auditors and the Ukrainian government discovered a massive "$5.5 billion hole" in the bank's finances.

Authorities accused the bank's billionaire co-owners, Ihor Kolomoisky and Gennadiy Bogolyubov, of running a "shadow bank" from within. They allegedly used PrivatBank to issue billions of dollars in fake loans to their own shell companies, draining the bank of its cash.

To prevent the collapse of the entire Ukrainian economy, the government was forced to step in, nationalize PrivatBank in 2016, and bail it out using taxpayer money.

In April 2019, Judge Kachur chaired a judicial panel that stunned the global financial community. He ruled that the government's 2016 nationalization of PrivatBank was illegal.

Kachur’s ruling handed a massive legal victory to Kolomoisky and complicated the Ukrainian government's efforts to recover the missing billions through international courts in the U.S. and the U.K. Kolomoisky and Bogolyubov have consistently denied any wrongdoing.

The "Vovk Tapes" and Kachur’s Downfall

Despite the outrage over the PrivatBank ruling, according to Slidstvo.Info, Kachur is actually being dismissed for a different scandal: the "Vovk tapes."

In 2020, Ukraine’s National Anti-Corruption Bureau released secret audio recordings of judges from the Kyiv District Administrative Court. The tapes allegedly caught the court's head judge, Pavlo Vovk, and his allies discussing how to trade favors, accept bribes, and issue fake rulings to protect their own power.

According to investigators, fake lawsuits were deliberately handed to Judge Kachur so he could issue rulings that blocked anti-corruption officials from vetting corrupt judges. Kachur’s lawyers argued that the audio quality on the tapes was too poor to prove it was his voice, but the disciplinary committee ultimately voted to hold him liable.

A Blocked Escape Route

Seeing the writing on the wall, Kachur tried to quit before he could be fired. In 2024, he applied for formal resignation, a move that would have granted him a lucrative, lifetime pension paid for by the state.

However, Ukraine’s High Council of Justice froze his resignation because of the open corruption investigation. After a court rejected Kachur’s attempt to force his retirement through early this year, the disciplinary committee was finally able to vote for his dismissal this week.

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