10:14 12.11.2019

Ukrlandfarming owner Bakhmatiuk asks Zelensky to intervene in VAB Bank case

1 min read

Oleh Bakhmatiuk, the owner of the agricultural holdings Ukrlandfarming and Avangard, after the detention of employees of VAB Bank belonging to him and affiliated companies on November 11, have announced the illegality of resumption of the criminal case and asked President of Ukraine Volodymyr Zelensky to give an order to resolve the conflict at the negotiating table.

"We ask you to intervene in this process. We ask you to stop the appointment of perpetrators without any right to defense. We ask you to define negotiators who can be constructive in this dialogue," Bakhmatiuk's open letter to the head of state, posted on Ukrlandfarming's website, says.

The businessman stressed he was ready to attract any foreign economic advisers with international experience in restructuring and auditing.

According to him, the last time the proposal for debt restructuring was officially announced on October 27, but as a result, on November 11 investigative actions, searches were carried out, and employees were detained.

"We proposed that the Individuals' Deposit Guarantee Fund pay UAH 8 billion of debts of our banks [Bakhmatiuk also owned Bank Financial Initiative]. None of the owners of liquidated or insolvent banks made such an offer," the owner of Ukrlandfarming said.

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