Slovak Economy minister: Ilčišin’s claim to Transpetrol shares fraudulent

Economy Minister Ľubomír Jahnátek said on April 21 that he has forwarded the case of the Transpetrol shares claimed by businessman Ignác Ilčišin to the General Prosecutor’s Office.

Economy Minister Ľubomír Jahnátek said on April 21 that he has forwarded the case of the Transpetrol shares claimed by businessman Ignác Ilčišin to the General Prosecutor’s Office.

The government is using all legal options to prevent Ilčišin’s claim on the shares, Jahnátek told the TASR newswire, adding that they belonged to the state. The state recently bought back a 49-percent stake in the oil pipeline company from a successor company of defunct Russian oil producer Yukos. Ilčišin claims he owns 34 percent of the remaining stock, but Jahnátek has declined his proposal to settle the case out of court.

Ilčišin said that if there is no reaction from the state to his proposal, he will sell the shares to a Russian company called Promneftstroy. According to Jahnátek, Ilčišin’s claim to the shares was acquired via fraud, even though some courts helped him in this respect. He said that Slovakia will do everything possible to retain the shares.

Ilčišin was ordered by Bratislava I District Court to convene a Transpetrol general meeting, which is due to be held on April 29, with the aim of replacing the company’s current board of directors and supervisory board. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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