Former RED-Nord director asks Justice Ministry to intervene in case examined by Ukrainian International Commercial Arbitration Court
The former director general of SA RED-Nord Gheorghe Pelin asks the Ministry of Justice to review in concert with the Prosecutor General's Office the decisions passed by the International Commercial Arbitration Court of the Ukrainian Chamber of Trade on June 26, 2001. According to Pelin, RED-NORD is obliged to pay again a debt that it paid in 2001, Info-Prim Neo reports.
In August 2000, the power distribution network RED-Nord signed a contract to purchase electric power from the Ukrainian company Energoalins through the agency of the Moldovan company Feren-M. As RED-Nord accumulated debts, Energoalians obliged RED-Nord to pay US$1.5 million by court.
Gheorghe Pelin said the debt to Energoalins was paid in 2001 through Feren-M, which went bankrupt shortly afterward. The Ukrainian company says there are no documents showing that the debt was paid. Therefore, it appealed to court.
“I don't know why the present administration of SA Red-Nord did not appeal these decisions to the municipal court in Kiev in the terms specified in the Ukrainian legislation,” Pelin said at a news conference on Monday.
The former director also said that the new administration of RED-Nord made false statements in the case opened against him and that the financial documents showing that the terms of the contract for the supply of electric power signed with the Ukrainian company were fulfilled disappeared.
According to Pelin, Energoalians is “a phantom company created to appropriate money”. He said that initially the Ukrainian company had two founders – an economic entity from Ukraine which owned 70% of the stock and Moldtranslectrica with a 30% holding. After the Ukrainian shareholder was liquidated, Energoalians was taken over by the Moldovan company.