By KYIV. May 8 (Interfax-Ukraine) – The Economic Court of Kyiv, upon a complaint of the Deposit Guarantee Fund (DGF), declared unlawful the actions of the state executor, who refused to accept for execution the court ruling on the seizure of 50.3% of the shares in the Ferrexpo’s mining and processing plants, accepted as a security measures on the Fund’s claim to recover UAH 46 billion from Kostiantyn Zhevaho, as the ex-owner of the bank Finance & Credit, withdrawn from the market.
According to the ruling of the Economic Court of Kyiv dated May 1, 2023, a copy of which is available to Interfax-Ukraine, the complaint of the Deposit Guarantee Fund against the actions of the senior state executor of the Horishni Plavni department of the state executive service in Kremenchuk district of Poltava region of the Skhidny Interregional Department of the Ministry of Justice (Natalia Kovtun) is satisfied.
“Recognize as unlawful the actions to refuse to accept for execution the ruling of the Economic Court of the city of Kyiv dated March 3, 2023. To oblige the Horishni Plavni department of the state executive service in Kremenchuk district of Poltava region of the Skhidny Interregional Department of the Ministry of Justice to open an enforcement proceeding on the application of the DGF on the enforcement of the ruling of the Economic Court of Kyiv dated March 3, 2023 in case No. 910/268/23 regarding the seizure of a part of corporate rights of 50.3% of the charter capital of PJSC Poltava Mining, for a part of corporate rights of 50.3% of the charter capital of Yeristovo Mining LLC, to a part of corporate rights of 50.3% of the charter capital of Belanovo Mining LLC, which indirectly belong to Zhevaho through Ferrexpo AG,” the court said in the ruling.
The full text of the definition was drawn up on May 2, 2023.
As reported, in early January this year, the DGF filed a lawsuit against Zhevaho with the Economic Court of Kyiv for damages of almost UAH 46 billion caused to bank Finance & Credit and its creditors. These losses were caused to the bank by systematically lending to borrowers associated with Zhevaho and transferring funds to nonresident companies owned by it without proper collateral, which has signs of fictitiousness, the Fund claimed.
