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AK "Bogdan motors" has received a lawsuit from the Prosecutor General of Ukraine and intends to appeal

Ukraine

Company would object to satisfy the claim of the GPU to the illegality of a contract of novation between the company and state "Ukreximbank" and will provide evidence of the validity and legality of contracts.

AK "Bogdan motors" has received a lawsuit from the Prosecutor General of Ukraine and intends to appeal

AO "Automobile Company "Bogdan motors" Businessman Oleg Gladkovsky considers another lawsuit of the Prosecutor General of Ukraine (GPU) groundless and aimed to paralyze the activity of one of the largest manufacturers in the country.

As stated in the press service of "Bogdan motors", the accusations of the GPU to the illegality of a contract of novation between the company and state "Ukreximbank" completely baseless and far-fetched.

Company Gladkovsky has repeatedly noted that its loans are not written off, not given, and prolonged. While loan interest continues to be accrued. In this case, the loan is protected by collateral - the most modern in the state automotive factories with all their latest equipment. The preservation of property is monitored monthly by the lender, noted in "Bogdan".

"Undoubtedly the company will oppose the claim of the GPU feeding opinion and provide evidence of the legitimacy and legality of contracts," - noted in the legal Department "Bogdan motors".

the company said that the plant "Bogdan" because of the global financial and economic crisis, lack of industry support from the state is in a quandary. The catastrophic decline of the market has led to a standstill the largest automaker. Capacity of the enterprise is not loaded and 10% of the project.

"However, the company's incredible efforts trying to save the enterprise, the labor collective, seeking support from banks, investors and foreign partners. In difficult economic times, the difficult financial condition of the company, the Bank and the company have agreed to the novation of the loan obligations by adopting the program "overcoming the consequences of the global financial and economic crisis on the automotive market of Ukraine", - said in a automobile Corporation.

June 21, 2018 "Ukreximbank" and "Bogdan motors" signed a new contract, according to which carried out the substitution (novation) of the initial obligations under the loan agreements and outstanding bonds totaling 1 billion 185 million 234 thousand UAH (including 974,57 million UAH credit and 146,63 million UAH interest thereon) to the new obligation, with the result that the initial obligation is terminated, and the borrower there is a debt on the terms of this agreement. Under the terms of the new agreement, the original obligation of the borrower to the Bank is replaced by an obligation to repay 1 billion 311 million 582 thousand UAH till 25 December 2031.

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