MOSCOW, September 6 - RAPSI, Sergei Feklyunin. The Supreme Commercial Courts presidium has remanded for review on Tuesday a lawsuit filed by Angentro Trading and Investments for 2.48 billion rubles ($88.6 million) in damages from Sigma Capital Partners.

Initially, Sigma sued Angentro Trading and Investments, which is controlled by SMARTS co-owner, to recover about $66 million in debt under a loan agreement and to levy execution on the pledged shares in SMARTS.

Sigma obtained certain interim relief, including an injunction over the circulation of SMARTS shares.

According to Angentro, it inflicted losses on SMARTS shareholders to the tune of about 2.48 billion rubles, which served as the reason for the counterclaim in this amount.
Angentro believes Sigmas claims were baseless at the outset. It has called the lawsuits and the interim relief effective for over two years a corporate raid on SMARTS.

SMARTS was established in 1991 in Samara. It had 2.504 million subscribers as of January 1.