Announcement

Collapse
No announcement yet.

VTB bank brings in action against "Armavia" and Mika Limited for USD

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • VTB bank brings in action against "Armavia" and Mika Limited for USD

    VTB bank brings in action against "Armavia" and Mika Limited for USD 22 million

    12:15, 15 February, 2013

    YEREVAN, FEBRUARY 15, ARMENPRESS. VTB bank brings in an action against
    Armenian businessman Mikhail Baghdasarov's "Armavia" and Mika Limited
    (registered in Jersey Island) for USD 22 million. As reports
    "Armenpress" in accordance with the information of Russian "Izvestia"
    periodical the bank wants to get back the amount of money it gave to
    the air transportation company for refinancing the credit funds. The
    company received the credits to buy Russian Sukhoi Superjet-100
    aircraft. A number of lawyers find that the bank has good chances to
    win, and the procedure, which launched in Jersey, is doomed to
    collapse.

    Mikhail Baghdasarov told "Izvestia" that "the credits will be paid off
    soon, and the action will be repealed.'

    The Head of the bank's Press Service Vadim Sukhoverkhov stated: "VTB
    is intended to get back the debt via all the ways provisioned in the
    legislation."

Working...
X