The court has ruled in the civil liability claim that Andrei Kozlov, board member of chemical trader Intopex Chemicals, and Andris Egle, freight forwarder from SIA Hanza Juras Varti, have to pay Swedbank back EUR 8.4m for fraud, writes Äripäev.
The court found that because of false information that Kozlov and Egle gave to Swedbank, the bank paid Intopex Chemicals 9m USD. Intopex Chemicals was declared bankrupt in 2010.
Swedbank’s representative admitted that it will be difficult to recover the money from the two persons.
Both Kozlov and Egle also got suspended four-year prison sentences.
The court determined that as board member of Intopex Chemicals, Kozlov asked Egle to draw up paperwork showing that Intopex owned synthetic cauchouk which was being stored in the warehouse of Latvian company SIA Hanzas Juris Varta in Riga. Actually, there were no such goods.
Kozlov was also found guilty of violating accounting obligations.
Intopex Chemicals that was founded in 2005 also faces a claim of EUR 10.8m from DNB Nord Bank and 18,772 euros from Swedbank Leasing.