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Corporation "Bogdan" said the attempt of the Ukrainian authorities to bankrupt the company

Ukraine

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.

Corporation "Bogdan" said the attempt of the Ukrainian authorities to bankrupt the company

According to lawyers representing automobile Corporation "Bogdan", the actions of the prosecutors may be evidence of the willingness of the authorities to bring one of the largest Ukrainian automakers to bankruptcy. About it the message reads the company on Friday.

AK "Bogdan motors" contested the claim of the Prosecutor General about the illegality of a contract of novation between the company and state "Ukreximbank", said the company Oleg Gladkovsky.

Appropriate feedback was provided to the commercial court. Kyiv 17 January 2020. The company Prosecutor called absolutely groundless and farfetched. And promised that they would prove the validity and legality of contracts concluded by all possible means.

Earlier in the "Bogdan" Savilethat "catastrophic decline in the market has led to a standstill of" largest automaker in Ukraine. Capacity of the enterprise is not loaded and 10% of the project.

As reported, on 21 June 2018, "Ukreximbank" and "Bogdan motors" credit agreement, under which carried out the substitution (novation) of the initial commitments 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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