Regarding the civil claim by the Company under the judgment of the court of appeal instance in the criminal case
04 July 2024 - 5:00PM
UK Regulatory
Regarding the civil claim by the Company under the judgment of the
court of appeal instance in the criminal case
On 3 July 2024 Lithuanian Court of Appeal
(hereinafter – Court) has examined the criminal case concerning
Arturas Urbutis, Antanas Urbutis, Svetlana Popova, Andrejus
Vaičiulis, former general manager of AB Klaipėdos nafta
(hereinafter - the “Company”, present AB KN Energies) Jurgis Aušra,
former director of commerce of the Company Ričardas Milvydas and
UAB Naftos grupė accused of illegal activities in which the Company
has filed the claim for damages for the total amount of 20 883
558,16 EUR (twenty million, eight hundred eighty-three thousand,
five hundred fifty-eight EUR and 16 cents) caused by the illegal
activities of the accused.
The Court adopted judgement in the criminal case
and amended the judgement of 27 December 2017 of Klaipėda Regional
Court by awarding the Company damages in the amount of
603 130,04 EUR (six hundred three thousand one hundred thirty
euros 4 ct) related to the unjustified issuing of credit invoices
by UAB Naftos grupė jointly and severally by Artūras Urbutis,
Antanas Urbutis, Svetlana Popova, Andrejus Vaičiulis, Jurgis Auša,
Ričardas Milvydas, UAB Naftos grupė. The Court has annulled the
part of the judgement regarding Company’s civil claim on the award
of damages for the amount of 20 883 558.16 EUR (twenty million,
eight hundred eighty-three thousand, five hundred fifty-eight EUR
and 16 ct) and 5 (five) percent annual interest on the awarded
amount for the period from the day of the effect of the court’s
judgment till the full enforcement of the court’s judgement to be
paid jointly and severally by Artūras Urbutis, Antanas Urbutis,
Svetlana Popova, Andrejus Vaičiulis, Jurgis Auša, Ričardas
Milvydas, UAB Naftos grupė and left this part of the civil claim
unexamined.
The Court has awarded the Company legal expenses
for the amount of 10 000 EUR (ten thousand euros) to be paid by the
accused Arturas Urbutis, Andrejus Vaičiulis, Jurgis Aušra.
The Company will seek reimbursement of the
awarded amount (satisfied civil claim and litigation costs) from
the convicted individuals.
The above-indicated judgement of the Lithuania
Appeal Court may be appealed to the Supreme Court of Lithuania
within three months after its announcement.
The Company respects the judgement of the Court. Regarding the
possibility to appeal part of the judgement of the Court on the
annulment of the part of the judgement of the court of the first
instance, the management of the Company will decide only after
thoroughly assessing the arguments and reasons specified in the
judgement.
Chief Financial Officer Tomas Tumėnas, +370 46 391772
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