Louisville office building tied to Ukrainian money-laundering scheme is sold for cheap
LOUISVILLE, Ky. -- PNC Plaza, one of Louisville’s biggest downtown office buildings, has a new owner three months after federal officials alleged it was part of a money-laundering scheme perpetrated by Ukrainian oligarchs.
A company linked to New York commercial real estate firm
Somera Road bought the 30-story office tower for $22.25 million, according to
public records filed this week.
That’s a fraction of the $77 million the previous owner, of
which the Ukrainians were the major investors, paid for the building in 2011,
according to court and property records.
In a lawsuit filed in August, the U.S. Department of Justice
alleges that Ukrainian oligarchs Ihor Kolomoisky and Gennadiy Boholiubov stole
billions of dollars from PrivatBank, one of the largest banks in Ukraine.
They then worked with U.S. associates in Miami to launder
the stolen money into assets, such as PNC Plaza, the government alleges in
court documents.
Somera Road had a contract to buy the building in July, just
before the U.S. Department of Justice brought a forfeiture case in August in
federal district in Miami. The government wants to seize the Ukrainians’
ownership interest in the Louisville building and a building they purchased in
the Dallas area.
On Aug. 14, a federal judge signed an order allowing the
sale of PNC Plaza to go through with the proceeds belonging to the Ukrainians
placed in escrow pending the outcome of the forfeiture action, according to
court records.
A Somera Road executive did not immediately return a call
for comment.
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