Komentarai Siųsti draugui Spausdinti Vertinimas Neįvertintas

LSC: LASCO requests the competent institutions to verify lawfulness of acquisition of the company's shares

Spekuliantai.lt | 2009-09-17 | NASDAQ OMX biržų naujienos | perskaitė: 1529
Raktiniai žodžiai: Latvijas kugnieciba, LSC
LSC: LASCO requests the competent institutions to verify lawfulness of acquisition of the company's shares

Latvijas kugnieciba Company Announcement 17.09.2009

LASCO requests the competent institutions to verify lawfulness of acquisition of
the company's shares

The public joint stock company Latvijas kuģniecība (Latvian Shipping Company -
LASCO) has sent official applications to a number of public authorities of the
Republic of Latvia, requesting to verify lawfulness of acquisition transaction
of 27.55% LASCO shares and the possible tax evasion in the activities of JSC
International Baltic Investments Ltd. (IBI). The applications drawing attention
to facts of the possible fraudulence have been addressed to the LR State
Revenue Service, the Office for Prevention of Laundering of Proceeds Derived
from Criminal Activity, the Financial Police, the Economic Police and Register
of Enterprises. LASCO points at contradictions between IBI's publicly expressed
claims regarding the title for the stock of LASCO shares worth at least 55
million lats and the official financial documents of IBI that fail to reflect
in any way upon the mentioned shares and their title or the as if concluded
transaction with the shares, or whether any taxes have been paid to the state.

IBI is the same firm that has been claiming to be an LASCO shareholder for a
long time, at the same time making to seriously question their legal title to
these shares that have been arrested in the course of criminal proceedings for
defrauding several tens of millions US dollars from LASCO - the current IBI
officials are also very likely to be involved in this fraudulent scheme.
Although IBI publicly claims to be holder of LASCO shares, the official annual
report of IBI for 2008, which is drawn up in accordance with standards of the
Republic of Latvia and with international accounting standards, clearly attests
that IBI does not regard itself as holder of LASCO shares.

Research of market and public opinion is the officially specified main activity
type of IBI, which as if owns shares of the international shipping company
LASCO. According to the annual report of IBI for 2008, the company's
shareholders are Arnis Nīcgalis, Mārtiņš Kvēps and Heidelberga Ltd. Income of
IBI in 2008 constituted 0 lats, but expenses/losses - 31 lats. This firm has
not paid a santim in taxes in 2008 - it has failed to pay the social, personal
income, or corporate income tax. It results from the report that, possibly to
evade taxation, IBI has failed to pay remuneration to Management Board and
Supervisory Council, or the Accountant. At the same time, IBI itself owes the
Management Board more than 5,000 lats, although the funds of IBI constitute
20,000 lats according to the report. The only specified payment to the state
budget is 7 lats, yet even this amount apparently has not been paid by IBI, as
it is reflected in the creditor section of the balance sheet.

LASCO filed a claim statement to the Riga Regional Court already in spring of
2009, requesting to invalidate the transactions with LASCO shares between IBI
and offshore companies Ojay Limited (Ojay) and Eastgate Properties Limited
(Eastgate). Documents at disposal of LASCO clearly indicate that the
transactions with LASCO shares that have as if taken place between the said
companies are actually of manipulative character with a purpose to hide
property, which has been acknowledged also by an official of the Economic
Police Department of the Central Criminal Police Department of the State Police
in 2008 within framework of criminal proceedings. Court has
accepted this claim statement of LASCO for reviewing, and the first court
hearing is to be held in December 2009.

The nature of the previously made fictitious transactions is demonstrated by
the fact that shares of Ojay and Eastgate were transferred to IBI account
already on February 1, 2008, although the transaction was legally concluded
only on February 4, which is confirmed to LASCO in a letter by IBI itself.
According to standards of the Civil Law, a contract can be regarded as
completely concluded only when a complete agreement on relevant components of
the transaction has been reached between the contracting parties. Also
according to Law on the Financial Instruments Market, dishonest dealings and
market manipulations with financial instruments are forbidden.

Moreover, on February 7, 2008, LASCO received an announcement from IBI dated
with the previous day about gaining substantial direct interest of 27.55% or
55,099,352 bearer shares in LASCO, indicating February 4 of the same year as
the date of obtaining these shares. On February 11, 2008, LASCO received
announcements also from Ojay and Eastgate that on the same date, February 4,
also these companies have gained substantial interest in LASCO in the same
amount of shares as previously indicated by IBI. Heidelberga audits Ltd was
specified as return address for the two announcements of offshore companies,
whereas the announcement on behalf of IBI was signed by A.Nīcgalis - one of the
owners of Heidelberga audits Ltd. No corrections or specifications to these
conflicting announcements excluding one another have been received by LASCO
until this very moment.



For more detailed information:
Marita Ozoliņa-Tumanovska
Manager of PR & Advertising Department
Telephone +371-67020120, 29287169
[email protected]

Taip pat skaitykite

DPK: Decisions of the regular meeting of shareholders dated 27.05.2013

VLN: NEW MUTUAL FUND TO THE BALTIC FUND CENTER

VLN: The results of the primary placement auction of Lithuanian Government securities

VLN: VVP pirminio platinimo aukciono rezultatai

2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos 2013-05-27 | NASDAQ OMX biržų naujienos

Komentarai



Ekonominis kalendorius

Prekybos statistika realiu laiku

Techninės analizės įrankis

Privatumo politika Reklama Kontaktai Paskolos RSS RSS
© 2006-2024 UAB All Media Digital