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Court forbids the company Petrotel Lukoil Ploiesti to initiate dissolution or liquidation
Prahova County Court forbids the company Petrotel Lukoil Ploiesti, prosecuted for money laundering, to initiate dissolution or liquidation. The decision can be challenged in court by company representatives within 24 hours.
According to the portal of courts, the magistrates upheld on Thursday the proposal made by the Prosecutor's Office of the Ploiesti Court of Appeals (PCA) and ordered the preventive measure forbidding the initiation of dissolution or liquidation for a period of 60 days, starting September 3 an up until November 1.
Lukoil was indicted by prosecutors from PCA Ploiesti on August 3. In the case were brought to justice Petrotel Lukoil Ploiesti, accused of money laundering, Lukoil Europe Holdings BV of the Netherlands, accused of complicity in misappropriation of the company's credit and complicity to money laundering, alongside six individuals from the leadership of Petrotel Lukoil Ploiesti.
According to prosecutors, the damage caused by the alleged crimes amounts to 7,597,094,338.10 lei, the equivalent of 1,766,766,125.10 euros.
To recover the damages, precautionary measures were imposed on 176.840.629 shares at a value of 2.5 lei/share, totaling 442,101,572.5 lei, on share premiums owned by Lukoil Europe Holdings BV, the majority shareholder within Petrotel Lukoil Ploiesti, totaling 1,880,931,388 lei, on accounts owned by Petrotel Lukoil Ploiesti at RBS Bank, as well as on amounts that will be paid later, up to the amount of 2,007,103,675.74 euros, US dollar equivalent.
Precautionary measures were also instituted on accounts owned by the third majority shareholder of Petrotel Lukoil Ploiesti, Europe Holdings BV at City Bank London, up to the amount of 2,007,103,675.74 euros, US dollar equivalent.