Prosecutors checking whether IMF funds were illegally used during refinancing of banks

18:10

The Ukrainian Prosecutor General's Office has said it checking whether money allocated by the International Monetary Fund (IMF) was illegally used during the refinancing of banks.

"Checks on this issue are underway. We are checking banks and the National Bank of Ukraine," Deputy Prosecutor General Tetiana Korniakova said in Kyiv on Thursday.

She said that evidence of the improper use of funds by banks had not yet been established and added that "there is a problem regarding talks with banks."

"This problem actually exists in regions where banks do not want to provide information, referring to bank secrets," Korniakova said.

She said that this situation exists in Donetsk region.

Korniakova said that the prosecutors are trying to explain the need for these kinds of checks.

"We told them that we are not enemies, and only experts will accompany us [during these checks]," she said.

19.02.2009