Court decided Agroinvestgroup has to pay UAH 13.2 mln to Kernel-Trade
The Eastern Commercial Court of Appeal granted the claim of the Kernel subsidiary, Kernel-Trade, to Agroinvestgroup for compulsory payment of UAH 13.25 million (USD 0.5 million).
According to the Register of Court Decisions, "UAH 13.25 million was recovered from the Vasilievsky Elevator, the Agroinvest Group structural division, and Inter-Agro in favour of Kernel-Trade for the loss of sunflower seeds of the unclassed harvest in 2018. This decision is subject to immediate execution, it is final and not subject to appeal, except in cases provided by the Law of Ukraine "On Arbitration Courts".
In April of the current year, Kernel-Trade applied to the Eastern Commercial Court of Appeal for enforcement of the decision. However, the Court decided to leave the company's application motionless in order to eliminate the shortcomings of the appeal.
The National Police launched an investigation into the theft of property by Agroinvestgroup officials and filed a search for the owner of Agroinvestgroup Nikolai Kucherenko and his son Vitaliy Kucherenko on suspicion of fraud. Shevchenko District Court of Kyiv (court decision of March 28, 2019) seized the property of Agroinvestgroup in the criminal proceedings which includes the arrest of 322 units of agricultural equipment.
According to the Register of Court Decisions, Quadra Commodities SA, a subsidiary of Suntrade (Bunge Ukraine), Delta Wilmar CIS, Eridon Group, Raiffeisen Bank Aval, TAScombank and Kernel have already filed claims against Agroinvestgroup.