RE:They can't believe more shares seized!Yeah it is wrong plain wrong they say , well it depends what side of the fence your are on .
Arrested our 6.5 million shares in "Centerra"
PolitKlinika
March 5, 2015Print version
Ontario Court of Justice in Canada arrested 6.5 million shares held by the company in Kyrgyzstan "Centerra". Before this Court of Canada also arrested 47 million of the 77 million shares of Kyrgyzstan in this company.
Canadian court said that made this decision based on the application of the Latvian businessman Valery Belokon . Head of the company "Kyrgyzaltyn" Tokon Mamytov also confirmed the temporary freezing of shares held by Kyrgyzstan. It turned out Valeri Belokon asked the Court of Canada asking: "In the international court, I won the government of Kyrgyzstan, I decide that question." So while our actions are taken under temporary arrest. Prior to the recent decision of the court, they will remain in this position, "- said Mamytov.
Recall Valery Belokon was the former owner of "Manas Bank" in Kyrgyzstan, called one of the closest collaborators of Maxim Bakiyev . October 24 last year, the Court of Arbitration in Paris, based on the application Belokonja sued the Kyrgyz government to 16.5 million dollars. Then Belokon appealed to the court that after the April 2010 revolution, the Kyrgyz authorities illegally seized his bank "Manas" in Bishkek.
Earlier, the Kyrgyz government reported that it does not recognize the court's decision that he would continue litigation. Also in the international court with the prosecution against the Kyrgyz government asked the company Stance Energy on illegal stop its mining rights, geological exploration of rare earth metals in the fields Kutta-Sai-Sai and Kehl. This application was granted by a court of Canada, who took into custody a 60% stake in Kyrgyzstan "Centerra" or otherwise 47 million shares.
Head of the Association of Miners Orozbek Duisheev says that logically this decision wrong. "The decision of the Canadian Court logically wrong because Kyrgyzstan owned shares are in the hands of" Kyrgyzaltyn ". Joint Stock Company "Kyrgyzaltyn" is considered an institution with private ownership, it is not responsible for the property of the state. The State is not liable for the perfect business "Kyrgyzaltyn" - it is written in the statute. In this regard, the decision rendered by a court of Canada wrong, "- says Duisheev.