Akhmetov’s SCM has $820m Cypriot asset freeze court order lifted

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Akhmetov’s SCM has $820m Cypriot asset freeze...
 © BusinessMail 2018
By Stelios Orphanides

The Nicosia District Court ruled in favour of unfreezing assets of up to US$820 (€702m) of System Capital Management (SCM), an energy, finance, mining and industrial group, linked to Ukrainian oligarch Rinat Akhmetov, an ally of former Ukrainian president Viktor Yanukovych, the company said.

With the ruling, court lifted a December temporary asset freeze order requested by Raga Establishment Ltd in a dispute over the privatisation of Ukrtelecom, Ukraine’s fixed-line, mobile and Internet communications services provider, after Raga, a...


This article was automatically added to our system 6-6-2018

Akhmetov’s SCM has $820m Cypriot asset freeze court order lifted


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