MOSCOW, Jul 26 (PRIME) -- Bank Orient Express, controlled by Finvision of businessman Artyom Avetisyan, plans to file a 9.8 billion ruble suit against minority shareholder Evison Holdings and investment fund Baring Vostok’s partner Michael Calvey, the Arbitration Court of the Amur Region said in a statement on Friday.
Bank Orient Express filed a request on Tuesday asking the court to arrest assets of the two defendants, saying that the bank planned to file a suit seeking redemption of financial losses.
The bank thinks that the defendants inflicted financial damage on the bank when Evison Holdings, a subsidiary of Baring Vostok, was the majority shareholder of the bank. Evison was the core owner before June 2019, when the court obliged the company to fulfill an option to sell 9.99% in the bank to Finvision.
The court left the bank’s request to arrest the assets without motion as the bank did not provide counter injunction and did not name the sum of shares it wanted to be arrested.
(63.1572 rubles – U.S. $1)
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