It's worth mentioning that the tweet above prompted this exchange with our own Christopher Miller:
Here's a taster of the article that's being tweeted:
Ukrainians have lost billions of hryvnias in uninsured bank deposits over the past two years as the government has taken over and liquidated dozens of banks whose main business model was embezzlement and fraud.
But for some, the resulting chaos is a lucrative opportunity.
Ukraine’s Deposit Guarantee Fund is tasked with selling the assets of liquidated banks back into the market. The juiciest assets are the bank’s loan portfolios, which can include collateral for businesses around the world.
Not only is the DGF overwhelmed with its caseload of hundreds of millions of dollars worth of assets to sell, but it lacks control over the exchanges it uses to sell them. This opens up an opportunity for fraud in the buying of the assets. Some of the best assets are sold at cut-rate prices to the former owners of the banks, managers of the exchanges, and assistants of members of parliament.
Read more here