Lawyer Ilie Rotaru said the shareholder register of SA “Gemeni” contains over 490 shareholders but the assemblies held several years ago involved not more than 15 shareholders. SA “Gemeni” was featured in tens of cases, inducing in a judgment passed by the European Court of Human Rights. Some of the citizens probably continue to look for their shares.
In a news conference hosted by IPN, Ilie Rotaru said that “Gemeni” was founded as a joint stock company in 1992. “In several years, the company was fully privatized and the controlling interest was held by investment funds that later appropriated the property of those who entrusted this to them. The managers of these investment funds also became formal or real owners of SA “Gemeni” despite the fact that they broke the law when they purchased the shares of those who entrusted their assets to them. I think some of the citizens still look for their shares in SA “Gemeni”,” stated the lawyer.
“That company was privatized and two groups came into possession of the controlling interest - one led by the former president of Ukraine Petro Poroshenko, specifically his family, and another holding, of about 40% belonged to a group of shareholders from Chisinau, who together owned about 80%. The rest of the shares belonged to other shareholders. Those who controlled the company collected practically all the real revenues. As the other shareholders disagreed, legal action was taken and SA “Gemeni” was liquidated, the property being divided,” explained Ilie Rotaru.
At the end of the 1990s, the shareholders started to write different complaints to law enforcement agencies, to the senior administration. A number of criminal cases were started and were later merged. It was determined that foreign companies that actually didn’t exist were indicated as shareholders.
In September 2004, the Buiucani Court ruled that the complex “Gemeni” should be transferred under the management of the office of Ilie Rotaru. This ordinance wasn’t annulled but the case was suspended. “That ordinance shows that the complex SA “Gemeni” should be now managed by the office of lawyer Ilie Rotaru. In reality, there are other persons there,” he stated.
The conference forms part of the series of conferences held as part of IPN News Agency’s project “Support for the Justice Reform through multimedia coverage of cases of alleged injustice”. The Agency does not bear responsibility for the public statements made in the public sphere by the organizers of news conferences. IPN News Agency gives the right of reply to persons who consider they were touched by the news items produced based on statements of the organizers of the given news conference, including by facilitating the organization of another news conference in similar conditions.