Emitents | Reverta, AS (iepriekšējais nosaukums - Parex banka, AS) (097900BHBR0000064855) |
Veids | Citi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2010-08-18 08:56:50 |
Versijas komentārs | |
Teksts |
ANNOUNCEMENT TO THE PRESS
2010. 16 August 2010
Court Resolves to Secure Parex Banka’s Claim Against
V. Kargins and V. Krasovickis
Today, on 16 August 2010, Riga District Court resolved to
secure the claim brought forward by joint stock company Parex banka
against its former owners and Members of the Board – Valērijs
Kargins and Viktors Krasovickis – for compensation of losses by
mortgaging real estate, movable property and cash funds possessed
by V. Kargins and V. Krasovickis as well as payments due to them by
third parties. This also refers to their monetary funds deposited
in credit institutions and other finance authorities, including
Parex banka. This means that V. Kargins and V. Krasovickis will
discontinue receiving the notable interest payments for their
deposits in Parex banka.
Simultaneously the Court has resolved to secure Parex banka
with compensation of losses which might arise from execution of
this decision by depositing a certain amount of money in the
account of the office of the Court.
It has already been announced that on 30 July 2010 Parex banka
filed a claim against its former Members of the Board – Valērijs
Kargins and Viktors Krasovickis – requesting them to compensate
losses caused to the bank. The total sum of the claim is 62
million Lats.
Considering the loan and deposit agreements
concluded between the bank and both of the former shareholders, who
also were the bank’s majority shareholders at the same time, as
well as persons related with them during the period from 1 January
1995 until 5 December 2008, the bank has found a succession of
transactions which do not comply with its interests. These
transactions were executed applying terms and conditions which
significantly differ from the terms and conditions that unrelated
parties would conclude such deals.Analysis shows that these
transactions have enabled the former Members of the Board to
acquire wealth at the bank’s expense for more than 62 million Lats
during the mentioned period.
A substantial fact is that according to the available
information, V. Kargins un V. Krasovickis concluded the mentioned
agreements while being in a conflict of interest and by breaching
several laws. Therefore serious violations have been found in the
activity of both former Members of the Board regarding the
responsibilities of members of the board provided in the law, thus
causing losses to the bank.
About Parex banka:
Parex banka is structured as a resolution bank whose
main task is to maximize recovery of the investments made by the
State. In order to achieve its goals, activity of Parex banka is
focused on effective restructuring of loans and securing of
overtaken loans the majority of which are real estate. Along
with planning purposeful increasing of the value of assets, Parex
banka also performs professional real estate management and as the
situation becomes stable in real estate segments, it will sell them
at the best price possible for the benefit of all
shareholders.
Additional information:
Marita Ozoliņa-Tumanovska
Head of Communications and Marketing
Tel. 67779142 or 29287169
e-mail:
Marita.Ozolina-Tumanovska@parex.lv
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