OREANDA-NEWS. June 08, 2010. Eventis Telecom Holdings Ltd has denied allegations the Prosecutor General of Moldova of money laundering and premeditated bankruptcy of the Eventis Mobile company. As it was informed by Eventis Telecom Holdings Ltd spokesman Maria Safronova, being the sole investor in Eventis Mobile - third mobile operator in Moldova in a standard GSM, holding has invested borrowed funds for network development in the territory of Moldova. Since 2007, the Moldovan operator Eventis invested more than USD50 million.

These funds were transferred to the company Eventis Mobile through Russia largest state-owned banks, clearly fulfilling the requirements of Russian legislation against money laundering. As the statement of Eventis Telecom Holdings notes, despite the business plan, the specific amount of investment in every company depends on many factors taken into account such as analysis of the company, changes in market conditions and economic situation in the country of location, force majeure, etc.

Eventis Telecom Holdings Ltd noted that the company has no information of firm commitments of Eventis Telecom on amount of in the Eventis operator. The needs of operator Eventis for additional investment does not impose obligations on shareholders. In early 2010, the company Eventis Mobile faced financial difficulties, for solution of which it currently carries out certain procedures under the legislation in effect.

Company Eventis Telecom also owns telecom assets in Kyrgyzstan, Kazakhstan and Uzbekistan. As an profile investor Eventis Telecom assists these companies in addressing key development issues, development of promising businesses and attracting necessary funding for this. As it was previously reported, the Prosecutor General of Moldova initiated a criminal investigation on money laundering in large-scale and deliberate bankruptcy of the Moldovan-Cypriot joint venture Eventis Mobile.

As they note in the department, they have detected a number of facts and questionable transactions, which, according to prosecutors, prove the suspicions that the whole project Eventis Mobile was designed by interested parties in Russia for large-scale money laundering for funds received from the offshore zones.

The Prosecutor General's Office notes that, in accordance with the commitments undertaken in 2006 when obtaining a license, JV Eventis Mobile should have invested into the project by 2010 USD 114 million, According to prosecutors, the project only got USD 48 million investments.

The company financing by its founders stopped in the spring 2008, resulting in the company bankruptcy, and on March 30, 2010 it was officially recognized by the Economic Court as insolvent. Currently, its debts are about 940 million lei (USD 75 million).