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Roshen says its assets worth $38.9 mln seized in Lipetsk

Roshen Confectionary Corporation is owned by Ukraine President Pyotr Poroshenko

© Alexander Ryumin/TASS

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Poroshenko to sell his Roshen confectionary plant asap

MOSCOW, April 28. /TASS/. The property of the Lipetsk confectionary Roshen, which is part of the Roshen Confectionary Corporation, has been seized, the corporation said in a statement on Tuesday.

Roshen Confectionary Corporation is owned by Ukraine President Pyotr Poroshenko.

"The total value of the property that was seized on April 24, is 2 bln rubles ($38.9 mln), which is absolutely incomparable with the tax claim worth 180 mln rubles ($3.5 mln) that was laid earlier as part of the initiated criminal case", according to the corporation’s statement.

The property was seized under the ruling of the Basmany district court in Moscow dated April 16, the corporation said.

Roshen confectionary in Lipetsk has not received any ban on production operation, the factory’s first deputy head Oleg Kazakov told TASS.

"The factory’s administration is not allowed to dispose of the factory’s property (including buildings, land plots) but there has been no ban on production operation", he said.

On April 1, the law enforcement officers blocked the entry to the territory of the Roshen confectionary in Lipetsk. The company called it an attempt to hamper it to sell its assets in Russia.

In March 2014, law enforcement officers from Moscow blocked Roshen’s production facilities in Lipetsk. This move was attributed to the investigation in a case of copyright infringement. Russian corporation United Confectioners filed a lawsuit against Roshen accusing it of illegal use of the Lastochka brand.

In March, the Federal Tax Service of the Lipetsk region said it planned to oblige Roshen to pay more than 30 million rubles ($584.613) of unpaid taxes. The company denied the claims.

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Pyotr Poroshenko

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