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Monday 16.07.2018 | Name days: Hermīne, Estere
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Supreme Court to rule on Ventbunkers false shareholders

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Thursday, November 29, the Latvian Supreme Court (SC) will hear the claim against Steropes Ltd. and Gyges Ltd., which pretend to be AS Ventbunkers shareholders.

The case will be heard by judge Anita Cernavska from the SC Chamber of Civil Cases, informs AS Ventbunkers Media Service.

According to the company, Steropes Ltd. and Gyges Ltd. are misleading the Enterprise Register, claiming that they own 29.08% of AS Ventbunkers.

Both of the offshores have been registered in the British Virgin Islands. Their only connection to Ventspils is the fact that their true beneficiaries are Igors Skoks and Genadijs Sevcovs, AS Ventspils nafta officials.

AS Ventbunkers is positive that the SC will rule fairly and in accordance with the law. The court is expected to recognize that neither Steropes Ltd. nor Gyges Ltd. are legitimate shareholders of the company.

It should be added that the SC Chamber of Civil Cases ruled on the two offshores already on 26 April 2012. Back then, the hearing was put off, because the court did not allow the notorious lawyer Martins Kveps to represent the interest of AS Ventbunkers. Judge Cernavska pointed out that she was not sure Kveps’ right to represent the company was lawful.

AS Ventbunkers reminds that on November 21 Zemgale District Court dismissed the claim that Steropes Ltd. and Gyges Ltd. had filed against the Swiss attorney Rudolf Meroni and the legitimate AS Ventbunkers shareholders – Dutch companies Yelverton Investments B.V. and Yelverton Investment B.V..

The ruling confirmed that in late 2009 the companies intentionally misled the court by coming up with a trumped up claim against Rudolf Meroni.

Action against Steropes Ltd. and Gyges Ltd. was brought by AS Ventbunkers owner Yelverton Investment B.V., which wants the court to the recognize Yelverton Investment’s right to 29.08% of AS Ventbunkers shares.

Yelverton Investment B.V. also wants to put an end to the ongoing speculation about the legitimate shareholders of AS Ventbunkers.

As reported earlier, the Prosecutor General’s Office and Riga Regional Court have appointed Rudolf Meroni as the custodian of the state assets seized within the framework of criminal proceedings against Aivars Lembergs. Meroni controls 70% of AS Ventbunkers stock.


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