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Oschadbank won case against ex-owner Creative, Berezkin, on his $25m debt

Oschadbank won case against ex-owner Creative, Berezkin, on his $25m debt Leninsky district court of Kirovohrad has fully satisfied a claim of Oschadbank against former top manager and owner of Creative Group, Maksym Berezkin, who acted under a surety on the company's debts of $25 million.

The bank said in a press release that earlier the court arrested all movable and immovable property of Berezkin.

Three more debt collection claims of the state-run bank against former top managers and founders of Creative Group are being heard at courts.

The founder of Creative Group Stanyslav Berezkin in September 2015 left the company as shareholder and 80% of the sunflower crushing business, margarine and blended butter production was transferred to other owners in July 2015.

Read also: Oschadbank saw a 29% profit rise in January through March 2016 - Statement

One of the new owners of the company, Rysbek Toktomushev, said in an interview with the Forbes Ukraine publication that he is one of the investors and does not represent BTA Bank. The key shareholder is also businessman Artur Hrants as the financial investor, he said.
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