SAP asks court to return Firtash's Zaporizhia Titanium and Magnesium Plant to state

The Specialized Anti-Corruption Prosecutor's Office (SAP) filed a lawsuit to the Kyiv’s Economic Court demanding to call off establishment of Zaporizhia Titanium and Magnesium Combine LLC (ZTMC) and return the enterprise under the government control.

Deputy Prosecutor General of Ukraine, Head of the Specialized Anti-Corruption Prosecutor's Office Nazar Kholodnytskyi wrote on Facebook, Censor.NET reports.

According to him, it was found that in 2013, the State Property Fund of Ukraine (SPF) signed a contract with an exempted company TOLEXIS TRADING LIMITED (Cyprus), a member of Group DF owned by Dmytro Firtash, to establish ZTMC LLC pursuant to the resolution of the Cabinet of Ministers of Ukraine with alleged purpose of attracting investment for introduction of advanced technologies and creation of highly profitable production.

Read more: Vienna prosecutor's office receives Spain's request to extradite Firtash, - DW

It was also found that the investor failed to fulfill its obligations which allowed SAP to initiate cancellation of the above-mentioned agreement on the establishment of ZTMC LLC and return the enterprise under control of the government.

Kholodnytskyi also recalled that the indictment against ZTMC LLC CEO charged with embezzlement of the aforementioned investment in the amount of 492 million hryvnia was referred to the court Nov. 14, 2016.

Read more: Spain puts Firtash on wanted list, arrests five accomplices, - DW
Источник: https://censor.net.ua/en/n419341