NOVOSIBIRSK, July 31 - RAPSI. The Kemerovo-based Siberian Cement seeks to recover $4.4 million from former top managers as repayment for loans that they obtained from the company and its subsidiaries, it reports on Tuesday.
Siberian Cement is a major cement producer.
The claims have been brought against Andrey Muravyov, who headed the company from 2004 to August 2008, Andrey Kirikov, its former chairman of the board, and Sergei Khrapunov, its former vice president for economics and finance.
The courts sided with the plaintiff in several lawsuits. However, it ran into difficulties with debt collection, as the judgments' enforcement has been delayed for a variety of reasons.
The company stated in a press release that it will continue to identify and curb malpractice and defend its rights and legitimate interests at all levels in Russia and abroad.