This is the best summary I could come up with:

KYIV, Sept 2 (Reuters) - A Ukrainian court ordered tycoon Ihor Kolomoisky to be held in custody for two months on suspicion of fraud and money laundering on Saturday, a striking move against one of the country’s most powerful businessmen.

The detention of Kolomoisky, who is under U.S. sanctions and is 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.

Defence lawyers said Kolomoisky would appeal the ruling, questioning its legality, but that he would not post bail of almost $14 million in order to secure his release, broadcaster Radio Liberty reported.

After a hearing at a district court in Kyiv late on Saturday, Kolomoisky, one of Ukraine’s richest men, was shown being led away in a blue tracksuit jacket in television footage.

“It was established that during 2013-2020, Ihor Kolomoisky legalized more than half a billion hryvnias ($14 million) by withdrawing them abroad and using the infrastructure of banks under (his) control,” the agency said in a statement.

Earlier this year, security officials searched Kolomoisky’s home in connection with a separate investigation into embezzlement and tax evasion at the country’s two largest oil companies partially owned by him.

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