Andriy Kolodiuk slams his brother's claim of attempt to illegally seize Unitrade Group
Kyiv, January 20 (Interfax-Ukraine) – Andriy Kolodiuk, one of the founders of Unitrade Group (earlier AVentures Group), still claims there is a chance to peacefully settle the conflict with his brother Volodymyr and his partner Volodymyr Dobrovolsky, and denied their claims that he attempted to illegally seize the group.
"The statement benefits Volodymyr Kolodiuk and Dobrovolsky, winning them time to withdraw money from the company's accounts. At present, the company is on the verge of bankruptcy," reads a press release issued by Andriy Kolodiuk on Tuesday.
He said that his attempts to achieve a peaceful settlement of the conflict had so far failed.
"If measures to restructure its debt commitments and companies are not taken urgently, the business will be completely destroyed. An appeal over a non-existent debt of Unitrade, City.com, Melofon, Service Master companies has been submitted to Luhansk court, and according to a court ruling, the economic activities of companies, including work with banks, has been blocked," he said.
He said that this makes it impossible for the company to make payments on credits, bonds, tax commitments, and this would lead to the complete destruction of the business.
"The only way out of the situation is a peaceful procedure for transferring the business from [the control of] Volodymyr Kolodiuk to Andriy Kolodiuk," reads the release.
As reported, in February 2008 Andriy Kolodiuk announced that he had transferred a 45% stake to his brother Volodymyr, and Dobrovolsky.
In early January 2008, Volodymyr Kolodiuk announced that an attempt to illegally seize the holding's companies was made by Andriy Kolodiuk.
Unitrade Group also includes the Unitrade and City.com retail chains, the Melofon mobile phone retail chain, the SamoByt household appliance supermarkets, the Udicom wholesaling company, the Service Master servicing company and the commercial real estate management company TRE'n'D (TradeRealEstateandDevelopment).
Its turnover in 2007 was $450 million.