Company Akhmetov’s appeal against the decision of the court of Cyprus on the freezing of assets

Group of companies SCM businessman Rinat Akhmetov’s appeal against the freezing of assets of 820 million dollars in the case of “Ukrtelecom”, the decision in respect of which recently was adopted by the court of Cyprus.

Thus, SCM group said that the privatization of “Ukrtelecom” had no relationship and the claims against it are unfounded.

“The SCM group, either directly or indirectly was not involved in the privatization of Ukrtelecom in 2011 As we have repeatedly stated, the existing claims of the state property Fund and other state bodies of Ukraine regarding the legality of the privatization of Ukrtelecom and the investment obligations relate to activities of Raga Establishment Limited and its actual end-beneficiaries, as well as those that financed the privatization in 2011,” – said in a statement.

Recall that the freezing of assets was the claim of the company Raga Establishment, which is owned by the former Chairman of the Board of “Rodovid Bank” Denis Gorbunenko. Raga sell “Ukrtelecom” Akhmetov in 2013, over 860 million dollars, but the businessman allegedly made only $ 100 million of advance payment and stopped payment. Akhmetov has until January 8 to appeal.

  • lynching
  • Akhmetov
  • Ukrtelecom
  • Cyprus
  • SCM

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