Lawyer Iulian Jovmir, who represents the interests of a foreign investor who is a majority shareholder of the company “Transatlantic”, in a news conference at IPN said the company was subject to a raider attack by two minority shareholders - Vladimir Onica and Valeriu Mihaleov – who appropriated assets to the value of 30 million lei by illegal schemes. According to the lawyer, the national courts of law passed judgments proving the illegal character of the transactions. The majority shareholder won the case, but those to blame are yet at large.
According to Iulian Jovmir, on October 31, 2013 the property of “Transatlantic” was sold at derisory prices to companies that belong to the minority shareholders. The illegality of their acts is confirmed by the non-presentation in court of the proceedings of the General Assembly of Shareholders of “Transatlantic”, which would have authorized the sale of the company’s property.
“The company’s minority shareholders associated in order to embezzle the property of “Transatlantic”, namely the investment made by the majority shareholder. As a result of their raider attack, the company’s assets of about 30 million lei were appropriated by third companies, called “Stok-Tranding”, “ImpexAgroPrim” SRL and a bank. This raider attack was formal in character as there were signed juridical, bank and civil documents through the agency of the notary. The assets were sold at much lower prices than their real value,” said the lawyer.
Iulian Jovmir also said that the courts passed judgment in some of the civil lawsuits concerning the given transactions, ruling that the acts were illegal. The majority shareholder’s application to exclude the two persons from the company’s composition was accepted and the judges are to pronounce on this request. In this connection, the lawyer, in the name of the majority shareholder, asked that the two minority shareholders should return the appropriated assets and pay the accumulated debts.
On September 26, the General Assembly of Shareholders of “Transatlantic” named Stefan Timofti as the company’s administrator, but this person cannot fulfill his duties because of the company’s accountant, who furnishes the opponents with information of internal interest. The administrator said that he discovered in the company’s documents clear evidence of appropriation and fictitious salary earners who included relatives of the two minority shareholders. These persons received salaries from the company even if they weren’t its employees.
