AFK “System” has called the demands “Rosneft” and “Bashneft” illegal

AFK “System” has called the demands “Rosneft” and “Bashneft” illegal


MOSCOW, 5 may — RIA Novosti. Sistema acknowledges receipt of the claim of “Rosneft” and “Bashneft” and considers the plaintiffs illegal and unjustified, the company said.

The Moscow arbitration court on Tuesday has registered the claim of “Rosneft” and affiliated “Bashneft” for the recovery of more 106,6 billion rubles from Sistema and its subsidiaries, JSC “System-invest”. The Foundation claims in court records are not disclosed. Representative AFK “System” has told RIA Novosti that any documents the company had received. Press Secretary of “Rosneft” Mikhail Leontyev said that the lawsuit is related to a possible withdrawal of assets. He refused to give details.

“Sistema disagrees with the lawsuit and considers the claims of the plaintiffs illegal and unjustified. All corporate action specified in the complaint, was carried out in accordance with the law and best corporate governance practices in business development and growth in the value of “Bashneft”, — said in the message.

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