12:41 31.03.2017

SAPO claims resistance to returning Zaporizhia titanium combine to state ownership

2 min read
SAPO claims resistance to returning Zaporizhia titanium combine to state ownership

The Specialized Anti-Corruption Prosecutor's Office (SAPO) has claimed resistance of head of Zaporizhia Titanium and Magnesium Combine LLC and its investor to returning the company to state ownership.

SAPO said on its Facebook page on Thursday that despite of attempts to hinder the return of the company to management of the state, this process is taking shape: SAPO prosecutors managed to collect evidence and are protecting the interests of the state in courts.

The office recalled that Donetsk business court of appeals has satisfied a counterclaim of SAPO and ruled that the business court of Zaporizhia region to hear the lawsuit of SAPO seeking the termination of the contract between the State Property Fund of Ukraine (SPF) and offshore company Tolexis Trading Limited (Cyprus), part of Dmytro Firtash's Group DF, on the creation of Zaporizhia Titanium and Magnesium Combine LLC on the basis of the eponymous state-run enterprise.

"This increases chances of SAPO prosecutors to prove the fact of non-fulfillment of liabilities by the investor and win the case. However, with each new victory we feel increasing pressure and the larger number of attempts to influence the return of the combine to the state. We understand how large expectations society has towards us in combating corruption. We are doing our best to receive the positive result in the case, despite the pressure. The fact that the pressure is growing convinces us that our course is right," SAPO said.

SAPO intends to present the open online register of criminal cases of SAPO in courts to improve communications with the public.

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