06.08.2019, 10:04
El Pais Reports Prosecutor’s Request to Summon Friedman to Spanish Court
Source: OREANDA-NEWS
OREANDA-NEWS. The Spanish prosecutor sent a request to call the Russian billionaire Mikhail Fridman as a suspect to testify in court, the newspaper El Pais writes. The prosecutor believes that Friedman, as a shareholder and creditor of Zed WorldWide, has taken a number of actions that led to a deterioration in its financial situation in order to acquire it for € 20 million, which is significantly lower than the market price, the publication said.
Friedman previously stated that he doesn't own a stake in Zed + through supposedly controlled companies. Zed + was formed as a result of the merger of Zed WorldWide with CJSC Temafon and CJSC Tematika.
In 2017, a Russian business newspaper issued a rebuttal of a material that spoke about Friedman's relationship with Zed's shareholder companies. “Information that I am controlled by Temafon CJSC, Tematika CJSC, Gelvaser and Bombalia, through which I allegedly own shares in Zed +, and that I had something to do with appointing Peter Wakka as an external manager Zed +, don't correspond to reality”,- said in a comment by Friedman.
The publication of the refutation was a condition of a peace agreement between Friedman and Vedomosti. In particular, the part of the text that spoke about Friedman’s connections with Zed + was recognized as inappropriate, and the information that the “Friedman structures” had requested the Dutch authorities to appoint an external manager to Zed + was also denied. Zed Group of Companies operates in the field of entertainment mobile and computer technologies.
According to the prosecution, Friedman played a "fundamental role" in the takeover of Zed WorldWide, boosting the bankruptcy of the company. In November 2017, Friedman sent a document to the Spanish prosecutor's office, in which he refused to take any responsibility for decisions that could lead to financial insolvency of Zed Worldwide.
Friedman previously stated that he doesn't own a stake in Zed + through supposedly controlled companies. Zed + was formed as a result of the merger of Zed WorldWide with CJSC Temafon and CJSC Tematika.
In 2017, a Russian business newspaper issued a rebuttal of a material that spoke about Friedman's relationship with Zed's shareholder companies. “Information that I am controlled by Temafon CJSC, Tematika CJSC, Gelvaser and Bombalia, through which I allegedly own shares in Zed +, and that I had something to do with appointing Peter Wakka as an external manager Zed +, don't correspond to reality”,- said in a comment by Friedman.
The publication of the refutation was a condition of a peace agreement between Friedman and Vedomosti. In particular, the part of the text that spoke about Friedman’s connections with Zed + was recognized as inappropriate, and the information that the “Friedman structures” had requested the Dutch authorities to appoint an external manager to Zed + was also denied. Zed Group of Companies operates in the field of entertainment mobile and computer technologies.
According to the prosecution, Friedman played a "fundamental role" in the takeover of Zed WorldWide, boosting the bankruptcy of the company. In November 2017, Friedman sent a document to the Spanish prosecutor's office, in which he refused to take any responsibility for decisions that could lead to financial insolvency of Zed Worldwide.
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